Minister of Finance, Dr. Mohammed Amin Adam
The Minority has strongly opposed any government move to introduce new taxes or increase existing ones, warning that such measures would place an additional burden on Ghanaians.
Speaking at a press conference on Monday, March 3, former Finance Minister Dr. Mohammed Amin Adam criticized the government’s tax revenue target of GH¢200 billion for the year, describing it as unrealistic given the current economic conditions.
Dr. Amin Adam accused the government of hypocrisy, recalling how it previously condemned the New Patriotic Party (NPP) administration for what it termed excessive taxation.
“This is how they plan to tax Ghanaians to meet their GH¢200 billion revenue target. Yet, this same government accused us of overtaxing when the NPP administration collected GH¢152.9 billion in tax revenue by the end of 2024, raising the tax-to-GDP ratio to 17% from President Mahama’s 13% in 2016. How do you now expect to collect GH¢200 billion in an economy that is struggling?” he questioned.
He cautioned that excessive taxation would stifle economic growth, discourage private sector investment, and worsen the financial hardships of ordinary citizens.
Instead of imposing additional tax burdens, he urged the government to prioritize efficient revenue collection and prudent expenditure management.
Dr. Amin Adam assured that the Minority would stand with Ghanaians in opposing any attempt to introduce or increase taxes.
“We, the Mighty Minority, will stand with the people of Ghana to resist any attempt to smuggle in new taxes or increase existing ones. It is our duty to hold this government accountable and protect the livelihoods of our citizens,” he declared.
MA