Finance Minister, Dr. Cassiel Ato Forson, has assured Ghanaians that efforts to raise domestic revenue will not place additional financial pressure on citizens.
Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson said the government remains committed to enhancing revenue mobilisation through improved efficiency, digitalisation, and broadening the tax net; not through new or excessive taxes.
“We aim to increase domestic revenue without overburdening the Ghanaian people,” he stated.
The Minister explained that the Ghana Revenue Authority (GRA) will be supported to intensify tax compliance efforts while expanding the tax base to include segments of the informal sector that remain outside the tax net.
He further indicated that government has no intention of introducing new taxes in the second half of the year but will focus on sustaining the gains made in domestic revenue mobilisation.
“We will continue to pursue revenue-enhancing measures, including digitalisation of revenue collection, addressing tax exemptions, and tackling tax evasion and leakages,” Dr. Forson noted.
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The government, he said, is also working with stakeholders to implement revenue administration reforms aimed at increasing transparency and accountability.
The emphasis on raising revenue without imposing hardship aligns with broader economic recovery goals under Ghana’s IMF-supported Post-COVID-19 Programme for Economic Growth (PC-PEG).
Source: Starrfm.com.gh
