Finance Minister Dr Cassiel Ato Forson has reaffirmed the government's commitment not to introduce any new taxes in 2027, assuring households and businesses that the focus will instead be on improving revenue mobilisation and addressing inefficiencies in the tax collection system.
Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, Dr Forson said the government would concentrate on closing revenue leakages and ensuring the state collects all taxes and other revenues legally due.
He explained that the decision forms part of efforts to ease the financial burden on households, support businesses and create a more favourable environment for economic growth.
The Finance Minister noted that since assuming office in 2025, the government had implemented several tax policy measures aimed at reducing the financial obligations of individuals and businesses.
These include the abolition of the Electronic Transfer Levy, popularly known as E-Levy, the withholding tax on betting and lottery winnings, the COVID-19 Levy, the Emissions Levy, also known as the Nwusie Levy, and Value Added Tax on motor vehicle insurance.
According to Dr Forson, the interventions were intended to provide financial relief to households while giving businesses greater room to operate, expand and contribute to economic activity.
He told Parliament that the 2027 Budget would not introduce any new taxes, adding that the government's priority was to improve revenue collection and make the tax system more efficient.
He further assured taxpayers of clear rules, fair treatment and timely decisions as part of efforts to strengthen revenue administration.
