An Economist, Dr John Kwakye believes that the 18 per cent tax revenue proposal by Finance Minister-designate Dr Cassiel Ato Forson can be achieved by plugging numerous tax loopholes.

Similarly, he said,  it can be done through widening the tax net and transforming of tax administration. "The tax revenue/GDP ratio of 18% proposed by the Finance Minister over the medium-term can be achieved by plugging the numerous tax loopholes, widening the tax net and strengthening tax administration," the Director of Research at the Institute of Economist Affairs (IEA) he wrote on his X.

Dr Cassiel Ato Forson had stated that government is targetting a significant boost in tax revenue, aiming to increase its contribution to Gross Domestic Product (GDP) from the current 13.8 percent to 18 percent in the medium-term.

This was disclosed during his vetting in parliament on Monday, January 13, 2025.