Dr. Cassiel Ato Forson, the Minister-Designate for Finance, has emphasized how crucial compliance is to increasing Ghana's income.

He feels that considering the nation's significant potential for income mobilization, there is no need to raise taxes. "I've been researching Ghana's economy for a while, and I can say with confidence that the country has potential in terms of raising tax income.

Raising taxes isn't always necessary to generate cash. We just need to increase compliance. We have the handles.

Speaking during his vetting by the Appointments Committee of Parliament on January 13, Dr. Ato Forson pledged to raise the tax revenue-to-GDP ratio from 13.8% to 16% if approved.

"I will collaborate with the Ministry of Finance's tax policy body, the GRA, to make sure that we boost compliance and maximize income. When adopted, my goal is to raise tax revenue from 13.8% of GDP to 16%–18% in the medium term.

We shall be able to evaluate ourselves against our colleagues in this way. Although I think there is promise, this does not imply that taxes should be raised.

The Mahama government will continue to be dedicated to eliminating specific taxes, the Finance Minister-Designate promised.