Finance Minister Dr Cassiel Ato Forson has assured Ghanaians that the government will not introduce any new taxes in 2027, saying its focus will instead be on improving revenue collection and plugging loopholes in the tax system.
Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, he said the government would work to ensure that all legally due taxes and revenues are collected without placing additional financial pressure on households and businesses.
Dr Ato Forson explained that the decision forms part of the government’s efforts to reduce the cost of living, support businesses and create a more favourable environment for economic growth.
He recalled that since assuming office in 2025, the government had abolished several taxes as part of its commitment to easing the financial burden on Ghanaians.
These include the Electronic Transfer Levy (E-Levy), withholding tax on betting and lottery winnings, the COVID-19 Levy, the Emissions (Nwusie) Levy and VAT on motor vehicle insurance.
According to the Finance Minister, the government intends to build on these measures by addressing inefficiencies in revenue administration and ensuring that the state collects what is rightfully due.
“Mr Speaker, since 2025, we have acted to give families breathing space and businesses room to grow. We abolished the E-Levy, the withholding tax on betting and lottery winnings, the COVID-19 Levy, the Emissions (Nwusie) Levy and VAT on motor vehicle insurance.
“This 2027 Budget will not introduce any new tax. Our task is to collect what is lawfully due, close the leakages and make the revenue system work better. Taxpayers deserve clear rules, fair treatment and timely decisions,” he said.
