The Country Senior Partner at PWC Ghana, Vish Ashiagbor, has emphasized that the success of Ghana’s VAT reform depends on collective will and sustained commitment from all stakeholders.
Speaking on Joy News’ PM Express Business Edition on Thursday, March 13, he acknowledged the growing consensus on the need for change but noted that effective implementation remains uncertain.
“It’s a matter of our collective will—the will of government, the business community, and citizens generally. But I think there’s a real sense this time that something has to give,” he said.
Mr. Ashiagbor highlighted that the government’s budget and discussions at the National Economic Dialogue indicate a shared understanding that the current tax system is unsustainable.
“We cannot continue with our old ways. If you take it from what was in the government’s manifesto, the conversations at the National Economic Dialogue, and the consultations that shaped this budget, there is a consensus that something must change,” he added.
He stressed that successful reform requires all stakeholders to “play their part and live with some of these difficult decisions.”
He also referenced the Finance Minister’s remarks about the need for difficult choices, saying, “To the extent that we all acknowledge this, then I think it should work.”
A key aspect of the reform is improving tax compliance and public awareness.
“There are initiatives we’ve not seen before, such as public education on the need to pay taxes. The Minister also mentioned quarterly dialogue with the business community, the GRA, and the Ministry of Finance—all designed to bring everyone to the table,” he noted.
Mr. Ashiagbor stressed that transparency and consistency will be critical in ensuring the success of the reforms.
“So long as there’s transparency and consensus, we should be able to get there. These elements were lacking previously, but with strong will, we can achieve meaningful change.”