The Minority in Parliament has vowed to resist any attempt by the government to introduce new taxes or increase existing ones, warning that such measures would impose further hardships on Ghanaians.
Speaking at a press conference on Monday, March 3, the 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 also accused the government of hypocrisy, recalling how it previously condemned the New Patriotic Party (NPP) administration for imposing heavy taxes on citizens but is now seeking to implement similar policies.
The Minority cautioned that it would fiercely oppose any tax hikes that would worsen the financial strain on individuals and businesses.
“This is how they intend to tax Ghanaians to collect their target of GH¢200 billion in tax revenues this year. This government accused us of overtaxing the people of Ghana because, by the end of 2024, the NPP administration collected GH¢152.9 billion, which was a 17% tax-to-GDP ratio, up from President Mahama’s 13% in 2016. How do you then turn around to expect to collect GH¢200 billion in a broken economy?”
Dr. Mohammed Amin Adam emphasized that excessive taxation would hinder economic growth, discourage private sector investment, and deepen the financial hardships faced by ordinary Ghanaians.
He urged the government to prioritize efficient revenue collection and prudent expenditure management instead of introducing additional tax burdens.
Dr. Amin Adam reaffirmed the Minority’s commitment to standing with Ghanaians in opposing any attempts to impose new taxes or increase existing ones.
“We, the mighty minority, will join the people of Ghana to resist any attempt to smuggle in new taxes or increase existing taxes. We owe it a duty to hold this government accountable and protect the livelihoods of our citizens.”
Credit to Channel1news
