Alhassan Andani criticises Ghana Revenue Authority's tax regime, calls for reforms

Former Stanbic Bank CEO, Alhassan Andani, has voiced strong criticism of Ghana’s tax administration, describing the Ghana Revenue Authority (GRA) as operating like a “terrorist organisation” in its interactions with the private sector.

Speaking at the recent Ghana CEO-Presidential Gala Dinner, Mr Andani argued that the current tax regime stifles business growth, hinders cash flow, and inadvertently promotes corruption within the private sector. 

“I know a number of organisations; when GRA gets into their space, it’s as if they deliberately do it in order to wriggle people’s arms to take money,” he said, adding that many CEOs now dread encounters with GRA officials. “When GRA is coming, it’s like some terrorists coming,” he added.

Mr Andani highlighted the burden faced by businesses due to an overly complex tax system, noting that some companies have up to 33 different tax obligations. He called for a comprehensive review and simplification of these obligations to ease operations for private businesses.

“Any new tax measures, we need to simplify and indeed merge and delete some taxes,” Mr Andani stated. He emphasised that rationalising the tax system is crucial to allowing Ghana’s growing private sector to “breathe” and thrive.

Pointing out the challenges businesses face under inflation, currency depreciation, and delayed payments, he explained that these pressures make it difficult for companies to manage cash flow effectively, which in turn leads to delayed tax payments and strained relations with the GRA.

Mr Andani suggested that while most businesses are willing to meet their tax obligations, they need some “breathing room” to sustain cash flow and manage costs. 

He urged tax reforms that would support businesses rather than burden them, fostering an environment where the private sector can grow and contribute meaningfully to the economy.