Ghana’s Minister for Finance, Dr Cassiel Ato Forson, has revealed that non-oil tax revenue experienced a notable increase, even after the government abolished several taxes and introduced no new tax handles in 2025.
Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, 23 July 2026, Dr Forson attributed this financial growth to enhanced compliance, more robust enforcement measures, and a significant drop in revenue leakages.
“Revenue has increased by twenty seventeen percent. Reflected stronger compliance, more effective enforcement and significantly significantly reduced leakages,” he stated.
Addressing the House, Dr Forson explained that state authorities successfully plugged systemic loopholes, including reforms made to the tax refund accounts to ensure those funds were no longer misdirected or treated as a slush fund.
According to the Finance Minister, non-oil tax revenue rose by 0.5 percentage points of Gross Domestic Product (GDP), climbing from 12.6 per cent of GDP in 2024 up to 13.1 per cent in 2025.
“Mr speaker, simple quote. Government collected more taxes in twenty twenty-five even after abolishing the new taxes including the…” he told the lawmakers.
Dr Forson emphasized that these fiscal milestones demonstrate how administrative efficiency and pragmatic policies outperform continuous tax increases when building long-term national revenue.
“Right honourable speaker, the lesson here is simple. Better policy, stronger compliance, and smarter administration will always deliver more sustainable revenue than higher taxes,” he added.
By: Rainbowradioonline.com/Ghana