Deputy Finance Minister Thomas Ampem Nyarko has indicated that the government will not introduce any new taxes in the 2027 fiscal year.
Mr Ampem Nyarko gave the indication ahead of the presentation of the 2027 Budget, dubbed the New Economy Budget, scheduled for Thursday, November 12, 2026.
According to him, the government has no plans to impose additional taxes on Ghanaians in the coming fiscal year.
His comments come amid calls from business groups for the government to avoid introducing fresh taxes.
The Ghana National Chamber of Commerce and Industry, for instance, has warned that it would oppose any new tax impositions on businesses.
The Chamber has instead urged the government to widen the tax net and strengthen tax compliance to improve revenue mobilisation and meet its targets.
Currently, Ghana’s effective Value Added Tax (VAT) rate stands at 20 per cent, while the highest personal income tax rate is 35 per cent. The general corporate income tax rate is 25 per cent.
The 2027 Budget presentation is expected to provide further details on the government’s revenue targets and the measures it intends to adopt to meet them without introducing new taxes or increasing existing tax rates.
By:Rachael Djabakie