No new taxes in 2027 Budget – Ampem Nyarko

Deputy Finance Minister Thomas Ampem Nyarko has indicated that the 2027 Budget will not introduce any new taxes. This was revealed prior to the unveiling of the New Economy Budget on November 12, 2026. The government has no plans to burden Ghanaians with additional taxes in the upcoming fiscal year. The Ghana National Chamber of Commerce and Industry had previously cautioned that fresh tax measures on businesses would face opposition.

They advocated for the government to widen the tax base and improve compliance instead to meet revenue objectives. Presently, the VAT rate stands at 20%, the highest personal income tax rate is 35%, and the general corporate income tax rate is 25%. The budget presentation on Thursday is anticipated to clarify the government's revenue goals and methods to attain them without implementing new taxes or raising existing tax rates.