The Finance Minister designate, Dr Cassiel Ato Forson, has stated plans to generate revenue without increasing taxes while focusing on improving compliance.
Speaking before the Appointments Committee of Parliament, Dr Forson pledged to collaborate with the Ghana Revenue Authority (GRA) to strengthen tax collection systems and enhance efficiency.
“We don’t necessarily need to increase taxes to rake in revenue,” Dr Forson asserted. “We have the handles, and I will work with the GRA to ensure we take in the needed revenue by increasing compliance.”
He also noted that this approach would improve Ghana’s tax-to-GDP ratio, which currently stands at 13%, and increase it to 16%, aligning with the nation’s development goals.
Dr Forson also reaffirmed the government’s commitment to reducing the tax burden on Ghanaians, promising to review and scrap certain taxes where necessary. According to him this would be done within the 120 day calender.
