Finance Minister Dr. Cassiel Ato Forson says the government’s tax reform programme is expected to create conditions that could allow tax reductions by the end of 2027.
He made the remarks while outlining the government’s economic strategy during discussions on the 2026 Mid-Year Budget Review.
According to the Finance Minister, the administration aims to improve revenue collection through reforms rather than by introducing higher tax rates.
Ato Forson said the government is working to broaden Ghana’s tax base and strengthen tax compliance. He added that improving revenue administration remains a key part of the reform programme.
The Finance Minister said these measures should help increase domestic revenue over time.
According to Ato Forson, stronger revenue performance could give the government enough fiscal space to reduce taxes by the end of 2027. He presented the proposal as a policy objective tied to the success of the ongoing reforms.
The Finance Minister did not announce immediate tax reductions.
The government continues to implement fiscal reforms under its broader economic recovery programme.
Officials say the strategy focuses on improving public finances, strengthening domestic revenue and supporting long-term economic stability.
The reforms also complement Ghana’s commitments under its economic programme with the International Monetary Fund (IMF).
The government’s proposal does not guarantee future tax reductions.
Any decision to lower taxes will depend on factors such as revenue growth, fiscal performance and broader economic conditions.
Future policy decisions will also require the necessary budgetary and parliamentary processes.
The government’s economic strategy has generated debate in Parliament. Supporters argue that revenue reforms will strengthen the economy and improve fiscal sustainability.
Critics have questioned whether the reforms will deliver enough relief for households and businesses in the near term.
Parliament is expected to continue discussing the Mid-Year Budget Review before concluding its deliberations.
