The basic premise of tax stamps, as originally intended, not only holds true today but the business case for using tax stamps has actually increased considerably as revenue authorities worldwide have secured valuable excise revenue from the importation and manufacturing of excisable products. The stamps act both as a record of payment and a barrier to the distribution of illicit products in any impermissible form.
Ghana Revenue Authority (GRA) therefore embraced its tax stamp programme, from its birth in 2010, and has gone through an iteration of processes amidst some significant investments, successfully sustaining the continued use of tax stamps in 2018 to leverage on their benefits.
This paper adopts an exploratory data analysis approach to weigh the benefits that have been reaped, thus far, whilst proffering measures that could streamline any jagged edges. It analyses excise tax revenue performance prior to and post-implementation, scope and coverage, and the legal undertakings between GRA and tax stamp contractors, whilst assessing compliance by manufacturers, importers, and retailers to inform future policy.