Ato Forson to present 2026 Mid-Year Budget Review to Parliament next week

Ato Forson to present 2026 Mid-Year Budget Review to Parliament next week

Finance Minister Dr Cassiel Ato Forson is expected to present the 2026 Mid-Year Budget Review to Parliament next week, setting out the government’s plans to consolidate recent macroeconomic gains while shifting focus towards economic growth and job creation. The presentation, subject to Parliament’s sitting schedule, i...

Winifred Lartey
Jul 14
Ato Forson to present 2026 Mid-Year Budget Review to Parliament next week

Finance Minister Dr Cassiel Ato Forson is expected to present the 2026 Mid-Year Budget Review to Parliament next week, setting out the government’s plans to consolidate recent macroeconomic gains while shifting focus towards economic growth and job creation.

The presentation, subject to Parliament’s sitting schedule, is expected after the Finance Minister concludes consultations with Cabinet and briefs President John Dramani Mahama on the policy proposals contained in the review.

The mid-year statement is expected to go beyond a routine assessment of budget implementation by outlining government’s strategy for sustaining economic recovery, strengthening public finances and promoting private sector-led growth during the second half of the year.

The review is anticipated to signal a transition from economic stabilisation to a growth-focused agenda aimed at boosting productivity, creating employment opportunities and improving economic resilience while maintaining fiscal discipline.

A major feature of the presentation is expected to be an update on Ghana’s engagement with the International Monetary Fund (IMF), including the successful completion of the country’s Extended Credit Facility (ECF) programme and preparations to transition to the IMF’s Policy Coordination Instrument (PCI), which will guide macroeconomic policy after the bailout programme ends.

Dr Forson is also expected to brief Parliament on progress in Ghana’s external debt restructuring negotiations and the country’s debt sustainability outlook, following recent IMF assessments indicating improvements in Ghana’s debt profile.

On the fiscal front, lawmakers are expected to receive updates on government revenue performance during the first half of 2026, expenditure trends and measures being implemented to keep the budget on course while protecting spending in priority sectors such as health, education and infrastructure.

The review is also expected to indicate whether the government intends to revise any of the macroeconomic assumptions underpinning the 2026 Budget in light of changing domestic and global economic conditions.

Investors, development partners and market participants will closely monitor the statement for any new tax, expenditure or financing measures that could affect the country’s fiscal outlook, investor confidence and the broader business environment.

Required under Section 28 of the Public Financial Management Act, 2016 (Act 921), the Mid-Year Budget Review provides Parliament with an update on the implementation of the national budget and outlines the fiscal outlook for the remainder of the financial year.

Beyond reporting on government finances, the review is expected to provide a comprehensive assessment of Ghana’s economic performance over the first six months of 2026, including revenue mobilisation, expenditure management, debt servicing and the progress of ongoing economic reforms.

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