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Ghana experiencing worst punitive tax regime ever – Seth Terkper
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Former Finance Minister, Seth Terkper, has stated that the current tax regime in Ghana is the most severe and punitive in the nation’s history.
The opposition National Democratic Congress has accused the New Patriotic Party government of introducing over 50 new taxes since 2017.
The continuous imposition of taxes has sparked public outrage in Ghana. The most recent taxes slapped on Ghanaians are the Value Added Tax (VAT) on residential electricity usage and the Emissions levy.
In an interview with Citi News‘ Hanson Agyemang on Monday, Mr. Terkper insisted that the country’s current tax rates are excessively high.
He explained that such high rates could potentially drive individuals to seek ways to evade these taxes.
“I think we are seeing the worst of the tax system… It is the most punitive and worst tax structure that we have had. And as with every tax that is punitive, you will end up not collecting, or generating as much revenue as possible,” he said.
He further underscored that “But more importantly, when you begin to introduce punitive taxes, taxpayers find ways and means of evading and avoiding the tax. So if you have a simplified tax regime it is better and compliance increases. And the evidence is that if you look at our tax-to-GDP ratio well until recently as GRA is claiming, the highest point at which revenue was collected was 2015 per the percentage of GDP, not nominal terms.”
Source: Citinewsroom.com
Attorney General and Minister for Justice, Dr. Dominic Ayine, has announced that the government has accepted the recommendation to abolish the death penalty and replace it with life imprisonment as part of the constitutional review process.
He said the proposed amendment would affect Articles 3, 13, 19 and 72 of the 1992 Constitution, with offences that previously attracted the death penalty instead carrying life imprisonment.
Dr. Ayine made the announcement on July 30, 2026, at the Jubilee House in Accra during the Government Accountability Series while outlining the government’s position on the final recommendations of the Constitution Review Committee.
According to him, the government believes the death penalty is inconsistent with the constitutional right to life and Ghana’s international human rights obligations.
He explained that the recommendation forms part of broader proposals aimed at strengthening the protection of fundamental human rights under the Constitution.
Dr. Ayine said the government had also accepted the spirit of several recommendations to expand rights relating to women, children, persons with disabilities, older persons and the youth.
He added that a comprehensive Human Rights Act would be introduced to protect these rights and provide detailed enforcement mechanisms instead of amending the entrenched provisions of the Constitution through a national referendum.
By: Jacob Aggrey
Minister for Tourism, Culture and Creative Arts, Abla Dzifa Gomashie, has called on both local and international investors to tap into opportunities in Ghana’s tourism, hospitality and creative industries.
Speaking in an interview yesterday with World Media USA Today, the Minister said government is committed to creating a conducive investment environment to support growth in the sector.
She highlighted key investment areas including hotels, fashion, music, film production, and tourism infrastructure.
Dzifa Gomashie also encouraged Ghanaians to invest in domestic tourism to help boost the local economy.
According to her, strategic investment in tourism and the creative economy will drive economic transformation, create jobs, and position Ghana as Africa’s gateway for heritage, culture, business and investment.
“Ghana has vast opportunities across tourism, hospitality and the creative industries. We are ready and open for business,” she stated.
The Minister’s remarks come as government intensifies efforts to leverage culture and tourism as drivers of economic growth and job creation.
By Edem Mensah-Tsotorme
