Ghana’s Finance Minister, Dr. Cassiel Ato Forson, on Thursday, November 13, 2025, presented the 2026 Budget Statement and Economic Policy to Parliament, outlining an ambitious yet pragmatic plan to sustain the country’s economic recovery and anchor long-term growth.
Presenting the budget themed “Resetting for Growth, Jobs, and Economic Transformation,” Dr. Forson said Ghana’s economy has turned the corner following a year of strong macroeconomic consolidation. The government now seeks to deepen fiscal discipline, accelerate productivity, and strengthen job creation through targeted investments in agriculture, energy, and infrastructure.
According to the budget, Ghana’s economy is projected to grow by 4.8% in 2026, with non-oil GDP expected to rise by 5.1%, and inflation targeted at 8%, down from an estimated 16.6% in 2025. The fiscal deficit is projected to decline to 2.8% of GDP, while gross international reserves are expected to cover not less than four months of imports.
“This is not just a recovery; it is a reset, the story of a nation that refused to stay down,” Dr. Forson said, emphasizing that fiscal discipline and responsible debt management would remain the backbone of Ghana’s progress.
He announced that the government would sustain zero central bank financing, broaden the tax base through digital reforms, and implement new fiscal rules under a Medium-Term Debt Management Strategy (2025–2028).
The Mahama-led administration is also prioritizing job creation through the 24-Hour Economy Programme, large-scale infrastructure projects under the Big Push Agenda, and investments in commercial agriculture.
With inflation now in single digits for the first time in four years and the cedi recording modest appreciation, the 2026 Budget signals a new phase of economic stability, growth, and social inclusion.
