No new taxes in 2027 Budget as government moves to improve revenue collection – Ato Forson

The government has announced that the 2027 national budget will not introduce any new taxes, according to Finance Minister Dr. Cassiel Ato Forson. Instead of imposing additional tax burdens on citizens, the government intends to concentrate its efforts on improving the efficiency of revenue collection across the country.

Dr. Ato Forson explained that the decision reflects the administration’s commitment to easing the financial pressure on Ghanaians while still ensuring that the state generates adequate resources to fund its development agenda. Rather than relying on new tax measures, the government plans to tighten the systems already in place for collecting revenue, closing loopholes that allow potential income to escape, and ensuring that existing taxes are properly and fully collected.

The Finance Minister emphasized that the focus would be on broadening compliance and enhancing the capacity of revenue-generating agencies to meet their targets. This approach, he noted, would help the government mobilize the funds needed for public expenditure without adding to the tax burden already borne by individuals and businesses.

According to Dr. Ato Forson, the strategy is part of a broader effort to promote fiscal discipline and responsible economic management. By improving revenue collection rather than introducing new taxes, the government hopes to strike a balance between maintaining essential public services and supporting economic growth.

The announcement has been welcomed as a positive signal for taxpayers and the business community, who have often expressed concerns about the impact of new taxes on the cost of living and the cost of doing business. The government’s plan to strengthen revenue collection is expected to be a central theme in the 2027 budget, which will outline the country’s fiscal priorities for the coming year.

The Finance Minister’s statement indicates that the 2027 budget will prioritize efficiency in revenue administration over new tax measures, as the government seeks to improve its fiscal position while offering relief to citizens and businesses alike.

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