Finance Minister Dr. Cassiel Ato Forson has reaffirmed the government’s commitment not to introduce new taxes in 2027, assuring households and businesses that the administration will focus on improving revenue mobilisation rather than imposing additional tax burdens.
He said the government intends to address inefficiencies and leakages in the country’s revenue collection system to ensure that the state receives the taxes and other revenues legally due to it.
Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, Ato Forson said the decision not to introduce new taxes forms part of the government’s broader efforts to ease the financial burden on households, support businesses and create a more favourable environment for economic growth.
He noted that since assuming office in 2025, the government had implemented several tax policy measures aimed at reducing the financial obligations of individuals and businesses.
Among the measures, he said, were the abolition of the Electronic Transfer Levy (E-Levy), the withholding tax on betting and lottery winnings, the COVID-19 Levy, the Emissions (Nwusie) Levy and Value Added Tax (VAT) on motor vehicle insurance.
The Finance Minister further stressed that these interventions were intended to provide households with some financial relief while allowing businesses greater room to operate, expand and contribute to economic activity.
“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.”
