2027 Budget: Ghana Rules Out New Taxes and Sets GH¢323.1 Billion Revenue Target

ACCRA, November 12, 2026 — Ghana's government says its 2027 Budget will not introduce new taxes, even as it sets ambitious targets for public revenue and expenditure.

Presenting the budget to Parliament on Thursday, Finance Minister Cassiel Ato Forson said the government would concentrate on improving tax compliance, closing revenue leakages and making administration more predictable for households and businesses.

The proposed revenue and grants target is GH¢323.1 billion, equivalent to approximately 17.9% of gross domestic product. Domestic revenue is projected at approximately GH¢319.9 billion, alongside GH¢3.2 billion in project grants. Total expenditure on a commitment basis is projected at GH¢375.0 billion. The budget separately gives total appropriation of approximately GH¢420.86 billion; this is a different measure from commitment-basis expenditure.

The no-new-tax pledge does not mean all tax obligations remain unchanged in practice. Businesses and taxpayers will still need to comply with existing laws and any administrative measures announced to improve collection. Parliament's consideration of the budget will also determine how proposed policies are implemented.

The Finance Minister pointed to revenue performance during the first ten months of 2026 as a basis for the approach, saying revenue and grants had exceeded their target. He argued that making existing systems more efficient could support public services without placing additional statutory taxes on the economy.

Budget scrutiny is likely to focus on how the government intends to bridge financing requirements, sustain spending controls and ensure that projected collections are realised. The budget is a government proposal, not confirmation that every spending commitment has already been funded or disbursed.

Correction, 13 November 2026: This story previously misstated the revenue and expenditure projections. Figures have been corrected to match the official 2027 Budget Statement and Economic Policy, pages 77–78.