Finance Minister To Present 2026 Budget on November 13
1 weeks ago
Ghana's 2026 Budget Set for November 13 Presentation
October 27, 2025 Finance Minister Dr. Ato Forson is expected to present Ghana's 2026 Budget Statement and Economic Policy to Parliament on November 13, according to sources familiar with the preparation process.
First Major Budget Under New Administration
The presentation will mark the government's first comprehensive budget since winning the 2024 elections. Observers note that the 2025 Budget largely followed the framework established by the previous administration, making the 2026 Budget a crucial indicator of the new government's economic direction.
Under Ghana's Public Financial Management Act, the Finance Minister must present the national budget to Parliament no later than November 15 each year.
Key Focus Areas
Dr. Forson has signaled that the 2026 Budget will prioritize:
- Job creation and economic growth stimulation
- Tax system reforms to improve revenue mobilization
- VAT reduction from 22% to 20%, according to Ghana Revenue Authority Commissioner-General Anthony Sarpong
- Review of tax levies, including the COVID-19 levy, to ease burdens on businesses and households
Post-IMF Program Planning
A significant aspect of the budget will be Ghana's strategy for managing the economy after exiting the IMF program in May 2026. The Finance Minister faces the challenge of balancing fiscal deficit management and expenditure control while maintaining macroeconomic stability.
The Finance Ministry has completed multiple rounds of stakeholder engagements and industry consultations in preparation for the budget presentation.
Industry players and economists will be closely watching how the government plans to navigate the post-IMF period while delivering on its campaign promises of economic growth and job.
