Parliament has adopted the report of the Finance Committee to allow the Government to engage a service provider to support the implementation of the Fiscal Electronic Device (FED) Policy for the Ghana Revenue Authority (GRA). Commenting on the purpose of the Fiscal Electronic Device, the Deputy Minister for Finance Hon. Thomas Ampem Nyarko disclosed that Government estimates indicate that successful implementation could reduce Ghana’s Value Added Tax (TAX) gap significantly and generate approximately GHc 7.2 billion in additional VAT revenue annually. Presenting the report of the Finance Committee on the floor of the House, the Chairman of the Committee, Hon. Isaac Adongo noted that the proposal to implement the FED draws on successful experiences from Kenya, Rwanda and Uganda where the device systems have contributed to improvements in VAT compliance and revenue mobilization.