The government says it will strengthen tax compliance, broaden the tax base and improve revenue administration to raise domestic revenue while shielding businesses and households from additional tax burdens.

Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, Finance Minister Dr Cassiel Ato Forson said the administration's revenue strategy prioritises a more efficient tax system over the introduction of new taxes or higher tax rates.

According to the Minister, the government targets an increase in non-oil tax revenue from 13.1 per cent of Gross Domestic Product (GDP) in 2025 to 14.1 per cent of GDP in 2026 through enhanced compliance, expanded tax coverage and stronger revenue administration.

Dr Forson said the approach is designed to support domestic revenue mobilisation while promoting economic growth and protecting businesses from higher tax costs.

"We aim to increase non-oil tax revenue through enhanced compliance, broader tax coverage and improved revenue administration, rather than imposing new taxes or raising existing rates," the Finance Minister told Parliament.

He explained that the strategy builds on reforms introduced this year, including Value Added Tax (VAT) reforms, technology-driven tax administration and measures aimed at reducing tax leakages.

The Minister maintained that sustainable revenue generation can be achieved through more efficient tax collection and stronger compliance, instead of increasing tax rates.

He added that the government remains committed to keeping public expenditure within approved limits while improving spending efficiency as part of its broader fiscal consolidation agenda.