Ghana‘s tax-to-GDP ratio could reach 18% by the end of 2025, two years ahead of the initial 2027 target, if the government fully leverages digitalization, according to former Finance Minister Dr. Mohammed Amin Adam.
Speaking in Parliament, Dr. Amin Adam urged his successor, Dr. Cassiel Ato Forson, to accelerate tax reforms and sustain digital revenue collection initiatives introduced under the previous administration. He highlighted that Ghana had already increased its tax-to-GDP ratio from 13.8% in 2022 to 17% by the end of 2024, making an additional 1% growth within a year realistic and achievable.
“If we have done it from 2022 to 2024 by about 3.2 percentage points, then it should be possible for them to be able to achieve it if we have to do 1 percentage point this year,” he stated.
Dr. Amin Adam credited digital platforms for boosting tax revenue, with collections surging from GHS 75 billion in 2022 to GHS 154 billion in 2024. He emphasized that systems like the Ghana.gov payment platform, Electronic Invoicing for VAT (E-VAT), and the Integrated Customs Management System (ICUMS) have significantly enhanced revenue collection and tax compliance.
To sustain this momentum, he advised the new government to fast-track the rollout of the I-Tax system, which aims to automate tax processes and further improve efficiency.
Beyond tax collection, Dr. Amin Adam called for greater support for Ghanaian FINTECH firms, arguing that local companies should develop the country’s digital tax solutions instead of relying on foreign providers.
“I want to encourage them also to come out with a local content policy that would guide the utilization of local FINTECH companies rather than sourcing these solutions from abroad,” he noted.
With Ghana’s economic recovery still in progress, boosting domestic revenue mobilization remains a top priority. Dr. Amin Adam’s remarks suggest that expanding digital tax collection efforts could accelerate fiscal stability while reducing tax evasion and inefficiencies.
As Ghana navigates its economic transformation, the success of its digital tax agenda could be the key to achieving its revenue goals sooner than expected.
