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No new taxes in 2027 Budget – Ampem Nyarko

No new taxes in 2027 Budget – Ampem Nyarko

Deputy Finance Minister Thomas Ampem Nyarko has hinted that no new taxes will be introduced in the 2027 Budget. Mr. Nyarko gave the indication ahead of the presentation of the New Economy Budget on Thursday, November 12, 2026.

Deputy Finance Minister Thomas Ampem Nyarko has hinted that no new taxes will be introduced in the 2027 Budget.

Mr. Nyarko gave the indication ahead of the presentation of the New Economy Budget on Thursday, November 12, 2026.

According to him, the government does not intend to impose any new taxes on Ghanaians in the 2027 fiscal year.

Ahead of the budget presentation, the Ghana National Chamber of Commerce and Industry, for instance, warned that it would oppose any fresh tax impositions on businesses.

The Chamber wants the government to instead expand the tax net and strengthen compliance to help achieve its revenue targets.

Currently, the effective VAT rate is 20%, the highest personal income tax rate is 35%, while the general corporate income tax rate is 25%.

The Budget presentation on Thursday is expected to provide greater clarity on the government's revenue targets and how it intends to achieve them without introducing new taxes or increasing existing tax rates.

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