By Ashiadey Dotse
Minister-Designate for Finance, Dr. Cassiel Ato Forson, has emphasised that improving tax compliance is key to increasing Ghana’s revenue without raising taxes.
Appearing before Parliament’s Appointments Committee on January 13, Dr. Forson expressed confidence in Ghana’s ability to mobilise more revenue through better compliance measures.
“I have studied Ghana’s economy, and I believe we don’t need to increase taxes to generate more revenue. Ghana has great potential in tax revenue mobilisation. What we need is to improve compliance,” he said during his vetting.
He outlined a plan to raise the tax revenue-to-GDP ratio from 13.8% to 16% or higher if approved as Finance Minister.
“In the medium term, my vision is to increase the tax revenue-to-GDP ratio to between 16% and 18%, aligning us with our peers. The potential is there, and we must tap into it without necessarily increasing taxes,” Dr. Forson added.
He also assured the public that the Mahama administration remains committed to scrapping certain taxes to ease the burden on citizens.
Dr. Forson pledged to collaborate closely with the Ghana Revenue Authority and the Finance Ministry’s tax policy unit to achieve these goals.
