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The Ghana National Chamber of Commerce and Industry (GNCCI) has renewed its call on the government to simplify and consolidate Ghana’s complex tax regime as part of broader efforts to reduce the cost of doing business and enhance private sector growth.
According to the Chamber, the introduction of a single, transparent Value Added Tax (VAT) rate system will not only promote compliance but also ease the administrative burden faced by businesses across the country.
The GNCCI further appealed to the government to review existing tax rates downward, arguing that high taxes continue to drive up production costs for firms and erode competitiveness.
Government has already indicated that consultations are ongoing to reform the tax structure under the 2026 Budget, as part of wider fiscal consolidation efforts within the IMF-supported programme. However, business associations, including the GNCCI, have urged authorities to ensure that reforms go beyond revenue mobilisation to include measures that stimulate growth and support local enterprises.
Speaking at the Chamber’s 49th Annual General Meeting, GNCCI President Stephane Miezan reiterated the Chamber’s key proposals.
“The Chamber wants government to review downwards the already existing taxes, including simplifying and consolidating VAT and all levies into a single and transparent VAT rate, as well as remove the COVID-19 levy which has outlived its purpose,” he stated.
Mr. Miezan also proposed that government should:
- Introduce turnover- and employment-based corporate tax thresholds
- Remove VAT on insurance premiums to enhance accessibility for households and SMEs
- Grant a three-year tax holiday for startups to promote entrepreneurship, innovation, and job creation
The GNCCI’s recommendations come amid growing calls from the private sector for a more predictable and business-friendly tax environment to support Ghana’s economic recovery and drive job creation.
