“One Budget, Two Political Interpretations” – that’s a fitting title for Ghana’s 2026 Budget, which has sparked differing views from politicians.
The budget, presented by Finance Minister Dr. Cassiel Ato Forson, aims to consolidate fiscal gains while addressing structural weaknesses. However, the opposition NPP Minority Caucus has raised concerns over the government’s spending, particularly on the Free Sanitary Pad policy, questioning the value for money.
On the other hand, the ruling NDC sees the budget as a step towards economic recovery, highlighting initiatives like the 24-hour Economy policy, investments in youth employability, and social protection programs.
Key Highlights of the 2026 Budget:
– Revenue Mobilization: Total revenue and grants projected at GH¢268.1 billion, with non-oil tax revenue expected to reach GH¢216.1 billion
– Expenditure: Total expenditure projected at GH¢302.4 billion, with allocations for social protection programs and infrastructure development
– Fiscal Discipline: Primary surplus target of 1.5% of GDP, with overall deficit of 2.2% of GDP
– Debt Management: Debt restructuring and liability management strategies to reduce high-interest payments
While the budget has its supporters and critics, experts believe it offers a reasonable framework for economic recovery, but its success depends on effective implementation and transparent management of resources.
