Korea-backed Plan Seeks to Broaden Ghana’s Tax Base

Accra: Ghana has received a Master Plan for Tax Modernisation aimed at broadening the tax base and strengthening domestic revenue mobilisation. The plan, developed with support from the Korea International Cooperation Agency (KOICA), also seeks to improve tax compliance, digitise tax administration, and strengthen public financial management. According to Ghana News Agency, Mr. Park Kyongsig, Ambassador of the Republic of Korea to Ghana, spoke at the handover of the plan to the Ministry of Finance in Accra, reaffirming Korea's commitment to Ghana's public finance reforms. A release copied to the agency stated that the plan proposed measures to make tax compliance easier through digital services, simplified procedures, improved taxpayer services, and strengthened institutional capacity. The plan draws on the Republic of Korea's development experience and incorporates practical and reform-oriented policy recommendations aimed at expanding domestic revenue, improving tax compliance, increasing administrative e fficiency, and strengthening fiscal sustainability. It places particular emphasis on bringing the informal sector into the tax net and sets out measures to improve income tax and Value Added Tax (VAT) policy, digitise tax administration, and develop a data-driven intelligent tax system. The strategic framework is expected to support future tax reforms and efforts to improve revenue mobilisation and fiscal sustainability. Mr. Park highlighted Korea's economic development as evidence of the importance of modern and transparent tax administration in achieving sustainable growth. He expressed optimism that the Master Plan could contribute to Ghana's reform agenda, with Korea continuing to collaborate with the Government to translate its recommendations into policies and improvements in tax administration and public service delivery. Mr. Thomas Nyarko Ampem, Deputy Minister for Finance, welcomed the completion of the Master Plan and expressed appreciation to the Government of the Republic of Korea for its contin ued partnership in strengthening Ghana's tax administration and public financial management. The plan was developed with input from the Korea Institute of Public Finance (KIPF), with officials from the Ministry of Finance, the Ghana Revenue Authority (GRA), and other stakeholders attending the handover ceremony.