The Ghana Revenue Authority has announced that cryptocurrency traders in Ghana cannot escape the tax net as it prepares to deploy new technology to track gains made from digital assets.

According to the Commissioner-General, Anthony Kwasi Sarpong, the GRA is building systems that will allow it to capture transactions made within Ghana's digital space.

"Our laws are coming up. So, again, we are working with the Securities and Exchange Commission, and Bank of Ghana to bring the regulation. But in terms of tax laws, one, the tax law is still not a new one. If you make a profit or gain, you’re supposed to pay that,” he said.

Speaking on PM Express on Joy News, and monitored by GhanaWeb Business, Kwasi Sarpong said the broader objective is to align Ghana's tax system with the growing digital economy.

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“Digitisation and digital economy are here with us and into the future, and most importantly, even the taxpayer of the future is digital. And that’s why we, as GRA, are preparing ourselves to be digitally ready for today and into the future, so we can continue to deliver on our mandate of revenue mobility,” he stated.

He also emphasised that the focus on crypto is part of a wider plan to close loopholes in online transactions and ensure compliance with existing tax laws.

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This new approach by the GRA is in line with the government's policy not to introduce too many new taxes but rather enforce existing ones.

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