The government, he said, now has the fiscal space to partner with the private sector in driving the 24-hour economy.

Published 14 Nov 2026, 07:58 GMT

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The government is not introducing any new tax in the 2027 budget statement, a technical advisor at the Ministry of Finance, Dr Theo Acheampong, has said.

He makes the point that the government has successfully restored macroeconomic stability.

The government, he said, now has the fiscal space to partner with the private sector in driving the 24-hour economy.

"We have the money to kickstart the policy. As I speak today, the government has successfully restored macroeconomic stability," he stressed on the Key Points on TV3 on Saturday, November 14.

Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, Ato Forson said the decision not to introduce new taxes forms part of the government’s broader efforts to ease the financial burden on households, support businesses and create a more favourable environment for economic growth.

He noted that since assuming office in 2025, the government had implemented several tax policy measures aimed at reducing the financial obligations of individuals and businesses.

Among the measures, he said, were the abolition of the Electronic Transfer Levy (E-Levy), the withholding tax on betting and lottery winnings, the COVID-19 Levy, the Emissions (Nwusie) Levy and Value Added Tax (VAT) on motor vehicle insurance.

The Finance Minister further stressed that these interventions were intended to provide households with some financial relief while allowing businesses greater room to operate, expand and contribute to economic activity.

“Mr. Speaker, since 2025, we have acted to give families breathing space and businesses room to grow. We abolished the E-Levy, the withholding tax on betting and lottery winnings, the COVID-19 Levy, the Emissions (Nwusie) Levy and VAT on motor vehicle insurance.

“This 2027 Budget will not introduce any new tax. Our task is to collect what is lawfully due, close the leakages and make the revenue system work better. Taxpayers deserve clear rules, fair treatment and timely decisions.”Track Public Funds

Laud NarteyLaud Nartey is a current affairs editor with the MG News team at Media General, serving TV3 Ghana, 3News, Onua TV and more platforms.

2027 Budget: We&#39;re not introducing new tax handles; govt has successfully restored macroeconomic stability - Theo Acheampong

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2027 Budget: We're not introducing new tax handles; govt has successfully restored macroeconomic stability - Theo Acheampong