The government has increased the annual Value Added Tax (VAT) registration threshold for businesses that sell goods from GH¢250,000 to GH¢750,000.

The move is expected to give small retailers more room to expand their businesses before becoming liable to charge VAT and file monthly returns.

Vice President Professor Jane Naana Opoku-Agyemang announced this while addressing participants at the 15th Ghana Economic Forum at the Labadi Beach Hotel on Tuesday, November 10, 2026.

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She explained that the increase forms part of measures introduced by the government to support businesses and create a favourable environment for private sector growth.

According to her, the adjustment would ease some of the tax compliance responsibilities facing smaller businesses and allow them to concentrate on growing their operations.

“The annual VAT registration threshold for businesses that sell goods was raised from GH¢250,000 to GH¢750,000,” she said.

“That gives small retailers more room to grow before they have to charge VAT and file monthly VAT returns,” she added.

The Vice President also highlighted other government interventions aimed at supporting businesses and encouraging investment in the manufacturing sector.

She said the government had removed the general minimum capital requirement for foreign investment in eligible businesses outside the trading sector through amendments to the Ghana Investment Promotion Authority Act.

She further disclosed that import duties and taxes on machinery and equipment used in manufacturing had been removed as part of efforts to support local production.

“Government's broader economic agenda is focused on strengthening domestic industries, creating productive jobs and increasing the country's capacity to manufacture goods locally,” she said.

She added that Ghana's economic progress would depend on the country's ability to increase production, exports and the processing of raw materials at home.

ANAS/EB

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