The Finance Ministry says ongoing tax reforms and stronger revenue mobilisation in the second half of the year will enable Ghana to meet its 2026 revenue target, despite a slight shortfall in collections during the first half of the year.
The ministry’s confidence is based on the performance of tax measures introduced in the 2026 Budget, improved administrative reforms and the expectation that revenue collections traditionally strengthen during the third and fourth quarters.
Speaking on PM Express Business Edition, Technical Advisor to the Finance Minister Dr. Theo Achampong said the government remains confident that its revenue and broader macroeconomic targets are achievable.
“We strongly believe that the majority of the tax measures introduced in the 2026 Budget are working, and it’s just a matter of time,” he said.
His comments come amid concerns that government could struggle to meet its end-of-year revenue projections after provisional figures showed that revenue collections for the first half of the year fell slightly short of target.
Government had projected revenue of GH¢105.2 billion by the end of June, but provisional estimates put collections at GH¢103.7 billion.
Dr. Achampong said the current performance reflects seasonal factors that affect revenue collection patterns and expressed confidence that the gap would narrow as economic activity strengthens later in the year.
“We are seeing some seasonality effects on these numbers, but as things progress, the situation will normalise in terms of meeting the various targets,” he said.
He disclosed that the Finance Ministry is also working with relevant agencies to intensify tax education and compliance initiatives, aimed at improving revenue collection and broadening the tax base.
Tax and business analysts who participated in the programme also expressed optimism that the government could achieve its revenue target if it maintains its current reform agenda.
Abeiku Gyan Quansah, a Partner at PwC Ghana, said the revenue performance so far suggests that improved compliance and a more supportive tax environment could help the government meet its 2026 target.
He argued that lower tax rates could encourage greater compliance and enhance revenue mobilisation.
Meanwhile, Mark Badu Abaogye, Chief Executive of the Ghana National Chamber of Commerce and Industry, welcomed the government’s decision to remove the 20 per cent excise duty on fruit juices, describing it as a measure that would improve the competitiveness of local manufacturers.
He said the current tax environment appears more business-friendly and could encourage higher compliance among firms.
The Finance Ministry’s outlook comes as government continues to implement fiscal and tax reforms aimed at strengthening domestic revenue mobilisation and supporting the broader economic recovery programme.
