Finance Minister-designate, Dr. Cassiel Ato Forson, has shared his plan to boost revenue without increasing taxes, focusing instead on better compliance.

Speaking to the Appointments Committee of Parliament, he promised to work closely with the Ghana Revenue Authority (GRA) to improve tax collection processes and ensure greater 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.”

Dr. Cassiel Ato Forson expressed confidence in his plan to improve Ghana’s tax-to-GDP ratio, which is currently at 13%, aiming to raise it to 16% to support the country’s development goals.

He also reassured Ghanaians of the government’s commitment to easing the tax burden by reviewing and removing certain taxes where necessary. This, he explained, would provide relief for individuals and businesses while creating a fairer and more balanced tax system that encourages economic growth.

As Finance Minister-designate, Dr. Forson stressed the importance of balancing revenue collection with creating a favorable environment for economic activity.

He stated that his proposed strategies are designed to tackle the country’s fiscal challenges while supporting development without putting excessive pressure on taxpayers.