Minority vows to block new or increased taxes

The Minority Caucus in Parliament has strongly opposed any attempt by the government to introduce new taxes or increase existing ones, warning that such measures will further burden Ghanaians and stifle economic growth.

Addressing a press conference on Monday, March 3, former finance minister Dr. Mohammed Amin Adam criticized the government’s ambitious tax revenue target of GH¢200 billion for the year, calling it unrealistic given the current state of the economy.

Dr. Amin Adam accused the government of double standards, recalling how it previously condemned the New Patriotic Party (NPP) administration for imposing heavy taxes on citizens.

“This government criticized us for overtaxing Ghanaians when we collected GH¢152.9 billion in 2024, with a 17% tax-to-GDP ratio, up from President Mahama’s 13% in 2016. Now, they expect to collect GH¢200 billion in a struggling economy? How does that make sense?” he questioned.

He warned that excessive taxation would discourage private sector investment, slow economic recovery, and worsen the financial struggles of ordinary Ghanaians.

Instead of imposing additional taxes, he urged the government to focus on improving revenue collection and managing expenditures more efficiently.

Dr. Amin Adam assured that the Minority Caucus would stand firmly with the people to resist any attempt to introduce new taxes or increase existing ones.

“We, the mighty minority, will stand with Ghanaians to resist any hidden tax hikes. It is our duty to hold this government accountable and protect the livelihoods of our citizens,” he declared.