Ghana to Implement Fiscal Electronic Devices for Real-time VAT Monitoring

The Ghana Revenue Authority (GRA) is introducing Fiscal Electronic Devices (FEDs) to monitor retail transactions in real-time, aiming to curb VAT leakage. Following a pilot phase, a nationwide rollout of these devices is anticipated for 2027. This initiative signifies Ghana's move towards enhanced digital oversight of business transactions, requiring companies, particularly those in the retail sector, to adapt their point-of-sale systems and internal processes. For multinational corporations operating or planning to operate in Ghana, this development necessitates a review of their current transaction reporting mechanisms and IT infrastructure. The adoption of FEDs implies a direct connection to tax authorities for transaction data, similar to Continuous Transaction Control (CTC) models, which will impact how VAT compliance is managed and reported at the point of sale.