Dr. Cassiel Ato Forson, minister for finance has urged the leadership of the Controller and Accountant-General’s Department and the Ghana Revenue Authority (GRA) to intensify efforts to meet and surpass fiscal and revenue targets.
Addressing officials from the two key agencies under his supervision, Dr. Forson emphasized the importance of fiscal discipline as a cornerstone for national development.
He encouraged them to approach their duties with a commitment to excellence, adding, “We must all strive to leave a lasting legacy of financial stability for our country.”
One of Dr. Forson’s key priorities is to bring Ghana’s inflation rate down to single digits, aiming for a target of 8%. He plans to achieve this through the implementation of robust fiscal policies, including stringent control of government expenditure.
As part of broader fiscal reforms, Dr. Forson also aims to boost tax revenue from 13.8% of GDP to approximately 16.8%. These reforms include plans to abolish the E-Levy and the betting tax, signaling a shift in the government’s approach to taxation.
He highlighted the GRA’s pivotal role in meeting the country’s economic objectives, calling for collaboration to enhance revenue collection and improve financial management practices.
“The government is focused on enhancing public financial management and ensuring sustainable economic growth,” Dr. Forson stated, highlighting the administration’s commitment to fostering economic stability.
