Dr Cassiel Ato Forson, the Finance Minister-designate, has outlined his vision to raise revenue without resorting to tax increases, emphasising a focus on improving compliance.
Appearing before the Appointments Committee of Parliament, Dr Forson pledged to collaborate with the Ghana Revenue Authority (GRA) to strengthen tax collection systems and enhance efficiency.
“We don’t necessarily need to increase taxes to rake in revenue,” Dr Forson asserted. “We have the handles, and I will work with the GRA to ensure we take in the needed revenue by increasing compliance.”
He expressed confidence that this approach would improve Ghana’s tax-to-GDP ratio, which currently stands at 13%, and increase it to 16%, aligning with the nation’s development goals.
Dr Forson also reaffirmed the government’s commitment to reducing the tax burden on Ghanaians, promising to review and scrap certain taxes where necessary.
This, he explained, would provide relief to citizens and businesses while ensuring a fairer and more equitable tax system that fosters economic growth.
As the Finance Minister-designate, Dr Forson emphasised the need for a balance between revenue mobilisation and fostering a conducive environment for economic activity.
His proposed strategies, he noted, aim to support national development while addressing pressing fiscal challenges without overburdening taxpayers.
Source: myjoyonline.com