The government has no plans to slap citizens with additional taxes in the 2027 budget, Finance Minister Dr Cassiel Ato Forson has disclosed. This marks the second year running that the administration has declined to impose new levies.
Dr Forson told Parliament that the priority will rather be to raise more revenue from existing sources instead of burdening taxpayers further. He explained that government will tighten systems to close all loopholes and stop leakages so the state can mobilise what is due it. He reminded Parliament that since assuming office in 2025, the administration has scrapped five taxes, including the Electronic Transaction Levy, COVID-19 Levy, Betting Tax, Emissions Levy, and VAT on motor vehicle insurance.
According to the Minister, scrapping those taxes has eased pressure on citizens and boosted their purchasing power. He assured households and businesses that they will not face any extra tax load under the new fiscal plan.
