By:Kenneth Appiah Bani
The government has indicated that the 2027 Budget Statement and Economic Policy will introduce no new taxes, offering potential relief to individuals and businesses.
The budget is scheduled to be presented to Parliament on Thursday, November 12, 2026.
Deputy Minister for Finance, Mr Thomas Ampem Nyarko, disclosed this during a closed-door engagement with members of the Parliamentary Press Corps at Parliament House on Wednesday, November 11.
According to him, the government intends to rely on savings generated through expenditure rationalisation and spending cuts to finance its flagship programmes and priority development projects rather than introducing additional taxes.
Mr Ampem Nyarko, who is also the National Democratic Congress (NDC) Member of Parliament for Asuogyaman, said the government’s approach would focus on managing public expenditure more efficiently while ensuring that resources were directed towards key development priorities.
The decision signals the government’s intention to pursue its development agenda without placing additional tax burdens on taxpayers.
The 2027 Budget Statement is expected to outline the government’s economic priorities, spending plans and policy direction for the coming year.
Finance Minister Dr Cassiel Ato Forson is expected to present the policy document to Parliament, setting out measures to support economic growth, improve public finances and fund critical national development projects.
The presentation will be closely watched by businesses, investors, workers and the general public for further details on the government’s revenue and expenditure plans.
