Finance Minister Dr. Ato Forson is expected to present the 2026 Budget Statement and Economic Policy to Parliament on Wednesday, November 13.
The date, pending parliamentary approval, will mark the government’s first comprehensive budget since securing victory in the 2024 general election. Having had nearly nine months to shape its economic direction, the presentation is anticipated to outline the administration’s fiscal vision and growth strategy.
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Observers note that the 2025 Budget largely followed the framework of the previous administration, making this year’s presentation a crucial indicator of the government’s independent economic agenda.
In line with the Public Financial Management Act, the Finance Minister—on behalf of the President—is mandated to present the national budget to Parliament no later than November 15 each year.
According to sources, the Finance Ministry has concluded extensive stakeholder and industry consultations ahead of the presentation.
Focus on jobs and tax reforms
Dr. Forson has previously hinted that the 2026 Budget will prioritise job creation and economic expansion. Insiders further reveal that it will feature significant tax reforms aimed at enhancing revenue mobilisation while easing the burden on businesses and households.
The budget is expected to include a review of the Value Added Tax (VAT), reducing the effective rate from 22 per cent to 20 per cent. The move forms part of ongoing reforms to simplify the VAT structure and make it more business-friendly.
Additionally, the government is expected to review several levies, including the COVID-19 levy, as part of efforts to stimulate private sector growth.
Post-IMF Strategy
With Ghana scheduled to exit the IMF programme in May 2026, attention will also turn to how the Finance Minister intends to steer the economy in the post-programme era.
Analysts say the 2026 Budget will be one of the administration’s most consequential policy blueprints, setting the tone for fiscal consolidation, expenditure management, and sustainable growth.