The 2026 budget debate in Ghana has been marked by stark differences in opinion between the Majority and Minority in Parliament. The Majority is celebrating the budget’s public endorsement, citing an 82% approval rating, and highlighting economic gains such as reduced inflation and increased revenue projections.
Majority’s Perspective:
– Emphasizes growth-oriented spending and fiscal prudence
– Points to investments in critical sectors like energy, roads, education, and agriculture
– Highlights job creation through infrastructure projects and agricultural initiatives
– Credits the government with restoring macroeconomic stability and investor confidence
Minority’s Concerns:
– Criticizes the budget as “growthless, jobless, and minimalist”
– Questions revenue projections, citing shortfalls in 2025
– Accuses the government of underspending and fiscal deception
– Highlights failed auctions, rising debt service obligations, and lack of transparency
Some specific allocations have also been disputed, such as the 24-Hour Economy initiative, which received only GHS110 million, despite an estimated cost of US$4 billion. The Minority is urging Ghanaians to brace for another difficult year, unless the government retools its approach.
