Finance Minister Dr. Cassiel Ato Forson is expected to present the 2026 Budget Statement and Economic Policy to Parliament on Wednesday, November 13,
Finance Minister Dr. Cassiel Ato Forson is expected to present the 2026 Budget Statement and Economic Policy to Parliament on Wednesday, November 13, sources close to the Finance Ministry have confirmed.
The date, which is awaiting formal approval by Parliament, will mark the first full-year budget of the Mahama administration since returning to office in 2025. It is expected to be the government’s most consequential fiscal presentation yet, following nearly nine months of navigating a difficult global and domestic economic environment.
Economic analysts note that the 2025 Budget, delivered shortly after the administration assumed office, largely operated within the fiscal constraints and expenditure framework inherited from the previous government. The forthcoming 2026 Budget, however, is expected to signal a major policy shift, reflecting the administration’s own priorities and development agenda.
Under the Public Financial Management Act, the Minister for Finance—on behalf of the President—is required to present the national budget to Parliament not later than November 15 each year.
Stakeholder Consultations Completed
According to sources, the Finance Ministry has concluded multiple rounds of stakeholder consultations involving:
- Industry associations
- Civil society organizations
- Labor unions
- Development partners
These engagements are said to have helped shape the policy measures and spending priorities to be featured in the final budget document.
Focus on Jobs, Growth and Tax Reforms
Dr. Forson has earlier hinted that the 2026 Budget will place strong emphasis on job creation, productivity growth, and youth employment, with targeted investments in sectors that can stimulate innovation and expand opportunities for local industries.
Insiders suggest the budget will also outline a comprehensive tax reform strategy, aimed at broadening the revenue base while easing the tax burden on households and businesses. A review of certain levies, including the COVID-19 levy, is expected as part of efforts to support business recovery and boost consumer confidence.
Preparing for a Post-IMF Era
With Ghana expected to complete its programme with the IMF in May 2026, attention will be on the government’s post-programme economic strategy. Economists are anticipating clear signals on how the administration intends to:
- Sustain fiscal discipline
- Manage debt service pressures
- Support long-term growth
- Restore macroeconomic stability
Balancing Deficit and Development
Another critical issue will be how the government plans to manage the fiscal deficit while meeting demands for infrastructure development and social programmes.
As anticipation builds, businesses, investors, and development partners are keenly watching what may become the defining economic policy statement of the Mahama administration’s second year in office.