The government is set to overhaul Ghana's Value Added Tax (VAT) system by the end of the year, as Finance Minister Dr.

Ato Forson describes the current structure as distorted and in need of urgent reform.

Speaking on The Point of View with Bernard Avle on Channel One TV, Dr.

Forson explained that merely adjusting the VAT rate or removing certain components will not resolve the fundamental inefficiencies in the tax system.