The plan, developed with support from the Korea International Cooperation Agency (KOICA), also seeks to improve tax compliance, digitise tax administration and strengthen public financial management.

Mr Park Kyongsig, Ambassador of the Republic of Korea to Ghana, said this at the handover of the plan to the Ministry of Finance in Accra, reaffirming Korea’s commitment to Ghana’s public finance reforms.

A release copied to the Ghana News Agency said the plan proposed measures to make tax compliance easier through digital services, simplified procedures, improved taxpayer services and strengthened institutional capacity.

“The Plan proposes practical measures to broaden the tax base while making tax compliance easier through digital services, simplified procedures, improved taxpayer services, and strengthened institutional capacity.

“Drawing on the Republic of Korea’s successful development experience, the Master Plan incorporates practical and reform-oriented policy recommendations aimed at expanding domestic revenue, improving tax compliance, increasing administrative efficiency, and strengthening fiscal sustainability,” it said.

The plan places particular emphasis on bringing the informal sector into the tax net, while setting out measures to improve income tax and Value Added Tax (VAT) policy, digitise tax administration and develop a data-driven intelligent tax system.

It is expected to provide a strategic framework for future tax reforms and support efforts to improve revenue mobilisation and fiscal sustainability.

Mr Park said Korea’s economic development demonstrated the importance of modern and transparent tax administration in achieving sustainable growth.

He said the Master Plan could contribute to Ghana’s reform agenda and added that Korea would continue to work with the Government to translate its recommendations into policies and improvements in tax administration and public service delivery.

Mr Thomas Nyarko Ampem, Deputy Minister for Finance, welcomed the completion of the Master Plan and expressed appreciation to the Government of the Republic of Korea for its continued partnership in strengthening Ghana’s tax administration and public financial management.

The plan was developed with input from the Korea Institute of Public Finance (KIPF), with officials from the Ministry of Finance, the Ghana Revenue Authority (GRA) and other stakeholders attending the handover ceremony.