Afenyo-Markin criticises gov’t for focusing on taxes over business growth

Minority Leader Alexander Afenyo-Markin has criticised the government’s approach to taxation, arguing that revenue collection is taking precedence over supporting business growth.

Speaking on JoyNews’ Newsfile, he said, “I challenge anyone to mention a single incentive for the private sector since they came into office. Rather, GRA is always on their neck.

The problem is not collecting taxes. The problem is how you do it, and whether you are helping businesses to grow so they can pay more in the long term.”

He went further, “Instead of creating a supportive environment for entrepreneurs, the government seems focused on maximising revenue at the expense of business growth and sustainability. This is short-sighted and could hurt the economy in the long run.”

Afenyo-Markin’s comments come amid a significant expansion in tax collection efforts. According to the Ghana Revenue Authority’s Domestic Tax Revenue Division, it mobilised GH¢130.2 billion in 2025, a 20.3 per cent increase over 2024, and has set a target of GH¢162.59 billion for 2026, representing a further 21 per cent rise.

The authority has also announced plans to decentralise audit operations and strengthen “risk-based interventions” across different taxpayer categories.

While acknowledging the importance of revenue mobilisation, Afenyo-Markin warned,

“Revenue is necessary, but if you push too hard without supporting businesses, you risk stifling growth. Entrepreneurs need space to thrive so that they can pay more taxes sustainably, not be crushed by enforcement.”