B5 Plus Limited commended for paying over GH¢1bn in taxes to GRA
B5 Plus Limited has been commended for its contribution to Ghana’s domestic revenue mobilisation after paying more than GH¢1 billion in taxes to the Ghana Revenue Authority (GRA) within the first nine months of 2026.
The achievement was highlighted during a top-management engagement between B5 Plus Limited and the GRA, where officials of the Authority recognised the steel manufacturing company for its strong tax compliance and contribution to national development.
The engagement brought into focus the important relationship between industrial growth, job creation and domestic revenue mobilisation. B5 Plus said its GH¢1 billion contribution should not be viewed as a ceiling, but as a foundation for increasing its contribution to the National Treasury year after year.
The company said it intends to achieve this by continuing to invest in Ghana, increasing direct and indirect employment, developing Ghanaian skills, deepening local value addition, supporting responsible recycling, using local raw materials where feasible, substituting imports and expanding exports into the wider West African market.
B5 Plus also highlighted its growing manufacturing capacity in Ghana, noting that the company currently operates West Africa’s largest prefabrication line. The company believes that expanding domestic manufacturing can simultaneously strengthen employment, supplier networks, skills development, foreign-exchange savings and government revenue.
During the engagement, B5 Plus encouraged Government to continue supporting domestic manufacturers through practical implementation of its 24H+ Economy and industrialisation agenda. The company called for greater consideration of quality products manufactured in Ghana in public-sector procurement, where local producers can meet the required standards, specifications, capacity, delivery timelines and competitive value.
The company further urged stronger enforcement at Ghana’s ports and borders to ensure a fair competitive environment for compliant local manufacturers. It called for continued action against undervaluation, under-invoicing, misdeclaration, abuse of exemptions, dumping and other forms of non-compliance that can give imported products an artificial price advantage.
B5 Plus stressed that its position was not a call to shield local industry from competition, but to ensure that locally manufactured and imported products compete on a transparent and lawful basis, with applicable taxes, duties and standards consistently enforced.
The company also reaffirmed its commitment to quality, competitiveness, innovation, timely delivery, sustainable manufacturing, skills development and regulatory compliance. B5 Plus said it manufactures under ISO certification and operates a Kaizen-driven production system.
The GRA has previously identified large taxpayers as an important segment of Ghana’s tax system, with its Large Taxpayer Office responsible for administering taxpayers with significant economic activity.
The recent engagement therefore underscored the broader role of businesses such as B5 Plus in supporting Ghana’s development through both production and taxation.
B5 Plus said its long-term objective is to continue manufacturing in Ghana, adding value in Ghana, creating more opportunities in Ghana and contributing to Ghana’s industrial and economic development.
The company’s more than GH¢1 billion tax contribution comes at a time when domestic revenue mobilisation remains central to Ghana’s development agenda, reinforcing the link between a growing manufacturing sector and a stronger national revenue base.
