Hon. Sulemana Adams Commends Government’s Fiscal Discipline, Backs 2026 Mid-Year Budget Review

Hon. Sulemana Adams has praised the government’s fiscal management, arguing that the 2026 Mid-Year Budget Review demonstrates prudent planning and a commitment to safeguarding Ghana’s economic future.

Contributing to the debate in Parliament, the MP said the government is rebuilding the country’s sinking fund to ensure Ghana is well-prepared to meet its future debt obligations rather than waiting until repayments become due.

According to him, GH¢13.6 billion had already been accumulated in the sinking fund as of July 2026, with government targeting GH¢30 billion by the end of the year to settle debts maturing in 2026.

“This government looks ahead. We will not wait until we are declared bankrupt. We will not wait until we cannot pay our debt. We will not wait until Fitch, Moody’s and other rating agencies downgrade this economy,” he stated.

Hon. Sulemana Adams also rejected claims that government had failed to spend adequately, insisting that available resources were being directed to priority sectors. He noted that district assemblies had received their second-quarter allocations for the first time by the second quarter of the year, while statutory funds had also been released.

Highlighting progress in the energy sector, he said government had paid US$1.2 billion to Independent Power Producers (IPPs), US$700 million towards international obligations, and was set to pay GH¢21 billion as part of its debt servicing commitments.

The MP commended the Minister for Finance for what he described as discipline and sound public financial management, expressing confidence that the measures outlined in the Mid-Year Budget Review would lay the foundation for sustained economic growth.

He concluded that the government’s fiscal approach was positioning Ghana for a stronger economy, saying the 2027 budget would reflect the gains of the ongoing reforms.

Report filed by PKB