The Minority in Parliament has reaffirmed its commitment to opposing any attempt by the government to introduce new taxes or increase existing ones, warning that such moves would worsen the economic hardship faced by Ghanaians.

At a press conference on Monday, March 3, 2025, former Finance Minister Dr. Mohammed Amin Adam, speaking on behalf of the Minority caucus, described the government's ambitious tax revenue target of GH¢200 billion for the year as unrealistic and detrimental to economic growth.

“This is how they intend to tax Ghanaians to collect their target of GH¢200 billion in tax revenues this year. This government accused us of overtaxing the people of Ghana because, by the end of 2024, the NPP administration collected GH¢152.9 billion, which was a 17% tax-to-GDP ratio, up from President Mahama’s 13% in 2016. How do you then turn around to expect to collect GH¢200 billion in a broken economy?” he questioned.

Dr. Amin Adam criticized the government for what he described as hypocrisy, recalling its past criticisms of the NPP administration’s taxation policies. He argued that instead of burdening citizens with additional taxes, the government should focus on efficient revenue collection and prudent expenditure management.

“We, the Mighty Minority, will join the people of Ghana to resist any attempt to smuggle in new taxes or increase existing taxes. We owe it a duty to hold this government accountable and protect the livelihoods of our citizens,” he declared.

Meanwhile, Finance Minister Dr. Cassiel Ato Forson has urged the Ghana Revenue Authority (GRA) to surpass its revenue target for 2025, emphasizing the importance of meeting the government’s financial obligations.

GRA Commissioner-General Anthony Kwasi Sarpong disclosed that Dr. Forson had challenged the authority to exceed the GH¢200 billion target.

“Our sector minister, Honourable Ato Forson, has already indicated that in 2025, as GRA, he expects us to exceed GH¢200 billion as tax revenue,” Mr. Sarpong told the media.

He assured that the GRA remains committed to meeting and surpassing the target, emphasizing that strong revenue performance would contribute to national development.

“We will work hard to deliver on our commitments and ensure that we support the nation’s financial needs. This is not an individual effort but a collective one, and when we succeed, it will benefit the entire country,” he stated.

The GRA exceeded its 2024 revenue target, collecting GH¢153.5 billion, which was 5.3% above the projected GH¢145.9 billion. This performance was driven by a 31.6% increase in domestic revenue and a 47% rise in customs collections, with corporate tax revenues alone reaching GH¢38 billion, surpassing the GH¢30 billion target.