Finance Minister Dr. Cassiel Ato Forson is expected to present the 2026 Mid-Year Budget Review to Parliament today, Thursday, July 23, outlining the government’s fiscal performance during the first half of the year and its economic priorities for the remainder of 2026.
The review is expected to assess the economy’s performance against the targets set in the 2026 Budget, which aimed to transition Ghana from macroeconomic stabilisation to sustained economic growth while maintaining fiscal discipline.
Since the budget was presented in November 2025, key economic indicators have shown stronger-than-expected performance. Inflation has declined to 5.3%, while fiscal consolidation, the external sector and debt sustainability have also recorded improvements.
Dr Forson is expected to provide updates on revenue mobilisation, public expenditure, debt management and the government’s financing plans for the second half of the year.
Government is also widely expected to maintain its current tax policy. Indications suggest the review will not introduce new taxes but will instead focus on implementing existing fiscal measures to preserve macroeconomic stability.
IMF transition and economic reforms
The Finance Minister is also expected to update Parliament on Ghana’s transition from the International Monetary Fund’s Extended Credit Facility (ECF) programme to the Policy Coordination Instrument (PCI), which is expected to guide economic reforms after the current IMF programme ends.
The Mid-Year Budget Review serves as an important fiscal policy statement, offering insight into government spending priorities, borrowing plans and the country’s broader economic outlook.
Businesses await policy direction
Businesses, investors and development partners are expected to closely monitor the presentation for signals on inflation, interest rates, exchange rate stability and any adjustments to expenditure allocations or financing strategies for the remainder of the year.
The budget review is also expected to provide a clearer picture of the government’s fiscal position and policy direction as it seeks to sustain economic recovery and maintain macroeconomic stability.
