The John Dramani Mahama government says it will increase tax revenue in 2026 without imposing new taxes or raising existing tax rates, instead relying on stronger tax compliance, broader tax bases and improved revenue administratiom.
Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, Finance Minister Dr. Cassiel Ato Forson said the government’s revenue strategy is focused on making the tax system more efficient rather than introducing additional tax burdens on businesses and households.
According to the Minister, the government aims to increase non-oil tax revenue from 13.1 percent of GDP in 2025 to 14.1 percent of GDP in 2026 through enhanced compliance, expanded tax coverage and improved revenue administration.
Dr. Ato Forson said the approach is intended to support domestic revenue mobilisation while promoting economic growth and protecting businesses from higher tax costs.
He noted that the strategy builds on reforms introduced this year, including VAT reforms, technology-driven tax administration and measures to reduce tax leakages.
The Finance Minister maintained that sustainable revenue generation can be achieved through efficient tax collection and stronger compliance instead of increasing tax rates, adding that the government remains committed to keeping expenditure within approved limits while improving spending efficiency.
