Finance Minister-designate Dr. Cassiel Ato Forson is focused on boosting revenue without raising taxes, instead aiming to ensure that more people pay what they owe.
By improving compliance, Forson intends to increase revenue productivity while promoting a fair distribution of the tax burden.
During his appearance before the Appointments Committee of Parliament, he pledged to work closely with the Ghana Revenue Authority (GRA) to enhance tax collection systems and improve efficiency.
“We don’t necessarily need to raise taxes to increase revenue,” Dr. Forson asserted. “We have the tools, and I will collaborate with the GRA to ensure we gather the necessary revenue by enhancing compliance.”
He expressed his optimism that this strategy would improve Ghana’s tax-to-GDP ratio, which currently stands at 13%, aiming to raise it to 16% in line with the nation’s development goals.
Dr. Forson assured the government’s commitment to reducing the tax burden on Ghanaians, promising to review and eliminate certain taxes where necessary.
He explained that this approach would relieve citizens and businesses while creating a fairer and more equitable tax system that fosters economic growth.
As he spoke as the potential finance minister, Dr. Forson emphasized the need to balance revenue mobilization with creating a conducive environment for economic activity.
