Using homological perturbation theory, one can repair this defect. More precisely, on the space of harmonic forms, there is an $A_\infty$ structure with no differential whose 2-ary operation (multiplication) is constructed by wedging two harmonic forms then projecting the result back to the space of harmonic forms. See "Strong homotopy algebras of Kahler manifolds" by S.A. Merkulov (Int. Math. Res. Lett. no. 3 153--164) for details of the construction.
EDIT: Also, if the manifold is compact then the natural inclusion of harmonic forms into arbitrary forms becomes an equivalence of $A_\infty$ algebras, where the space of all forms has its usual dg-algebra structure.