*GOVERNMENT AFFIRMS 2026 MACROECONOMIC TARGETS, RULES OUT SUPPLEMENTARY BUDGET* The Minister for Finance, Dr. Cassiel Ato Forson, has affirmed government’s commitment to its 2026 macroeconomic targets and announced that there will be no supplementary budget for the 2026 financial year. Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget to Parliament on Thursday, July 23, 2026, Dr. Forson said government is undertaking a strategic realignment of expenditures within the existing appropriations instead of seeking additional funds. *"Right Honourable Speaker, however we are undertaking a strategic realignment of expenditures within the existing appropriations,"* he stated. The Finance Minister said government affirms the following macroeconomic targets for 2026: Overall GDP growth: At least 4.8 percent Non-oil real GDP growth:At least 4.9 percent End-year inflation 8 percent plus or minus 2 percent Primary surplus: 1.5 percent of GDP on commitment basis Gross internation

*2022 ECONOMIC CRISIS WAS RESULT OF WRONG POLICY CHOICES - FINANCE MINISTER* The Minister for Finance, Dr. Cassiel Ato Forson, says Ghana’s economic crisis in 2022 was not an accident, but the direct result of a series of wrong policy choices by the previous government. Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026, Dr. Forson said the crisis stemmed from reckless spending, excessive and bench borrowing, lack of accountability, and a failure to be truthful with Ghanaians about the true state of the economy. "Mr Speaker, the economic crisis of twenty twenty-two was not merely an accident. It was the consequences of a series of wrong policy choices," he stated. The Finance Minister outlined the severe impact on Ghanaians: The cedi depreciated at levels never seen before, eroding savings, business capital, and purchasing power Inflation exceeded 50 percent, dramatically increasing the cost of living and placing basic necessit

Government Builds GH₵15.6 Billion Sinking Fund to Meet Upcoming Debt Obligations – Ato Forson Ghana's Minister for Finance, Hon. Dr. Cassiel Ato Forson, has announced that the government has accumulated GH₵15.6 billion in its Sinking Fund as part of a proactive strategy to meet major debt repayments due in 2027 and 2028. Presenting the 2026 Mid-Year Budget Review in Parliament, Ato Forson disclosed that the Sinking Fund balance stood at GH₵15.6 billion as of July 22, 2026, in line with the government's 2026–2029 Medium-Term Debt Management Strategy. He explained that under the strategy, 7% of non-oil tax revenue, together with proceeds from domestic bond issuances, is being paid into the dedicated fund to build sufficient reserves ahead of the country's major debt maturities. Ato Forson stated that the government is on course to increase the Sinking Fund to GH₵30 billion by the end of 2026. According to him, the amount will be sufficient to fully settle the GH₵30 billion Domestic

2026 Mid-Year Budget Outperforms Targets, Signals Strong Economic Recovery – Finance Minister Ghana's economy has outperformed its mid-year targets for 2026, with stronger-than-expected growth, lower inflation, improved fiscal performance, and a faster decline in public debt, according to Finance Minister Hon. Dr. Cassiel Ato Forson. Presenting the 2026 Mid-Year Budget Review in Parliament, Dr. Forson said the country's economic performance during the first half of the year demonstrates that the government's recovery strategy is delivering results and restoring confidence in the economy. He reported that economic growth exceeded the targets set at the beginning of the year, while inflation fell below the projected range, declining to 5.3% as of June 2026. The Minister also announced that Ghana recorded a commitment-basis primary surplus of 0.9% of GDP by the end of June, outperforming the programmed fiscal target. Dr. Forson further noted that Ghana's debt trajectory is improvin

Nearly One Million Ghanaians Lifted Out of Poverty as Inflation Falls to 5.3%, Finance Minister Reports The Minister for Finance, Hon. Dr. Cassiel Ato Forson, has announced that nearly one million Ghanaians have been lifted out of multidimensional poverty as the country's economy continues to show signs of recovery and stabilization. Presenting the 2026 Mid-Year Budget Review in Parliament, the Finance Minister disclosed that approximately 950,000 Ghanaians moved out of multidimensional poverty over the past 12 months, reflecting improvements in living standards and economic opportunities across the country. Dr. Forson also highlighted Ghana's progress in reducing inflation, noting that the rate fell sharply from 23.8% in December 2024 to 5.4% by the end of 2025, before easing further to 5.3% in June 2026, indicating sustained price stability. On the fiscal front, he reported that the government recorded a commitment-basis primary surplus of 2.5% of GDP at the end of 2025. By the

AI-Driven Customs Reforms Boost Revenue by 17%, Finance Minister Reports in Mid-Year Budget Review The Minister for Finance, Hon. Dr. Cassiel Ato Forson, has announced that artificial intelligence (AI)-driven customs reforms and enhanced digital systems have significantly improved revenue collection, contributing to a 17% increase in monthly customs revenue while reducing leakages and strengthening tax compliance. Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday 23rd July, 2026, the Finance Minister said the deployment of AI-powered technologies at the country's ports has improved enforcement, closed long-standing loopholes, and enhanced the efficiency of customs administration. According to the Minister, monthly customs revenue increased by approximately 17% following the introduction of the new AI-driven systems. He further disclosed that non-oil tax revenue rose from 12.6% of GDP in 2024 to 13.1% of GDP in 2025, representing an increase of 0.5 percentage point

*MP Slams Fresh $1bn Borrowing Just Weeks After IMF Exit* Parliament is considering to approve nearly $1 billion in new loans barely nine weeks after the government announced Ghana’s exit from the IMF Extended Credit Facility, sparking sharp debate on the floor. In a contribution on July 21, 2026, the member of parliament for Ofoase Ayirebi, Mr Kwadwo Oppong- Nkrumah criticized the timing of the borrowing, arguing it exposes failures in domestic revenue mobilization. According to the MP, the loan package includes about $300 million for Education, $500 million for Roads, $22 million for Finance, with another $180 million in net borrowing already captured in the budget. The lawmaker said the borrowing was not driven by the merit of the projects, but by the government’s inability to meet its revenue targets. He noted that the administration had promised to remove taxes and grow revenue to 18% of GDP. However, 2025 figures missed that target, forcing a return to external financing

Weija-Gbawe MP Demands Urgent Briefing on 2026 FIFA World Cup Budget and Commonwealth Games Preparations The Member of Parliament for Weija-Gbawe, Hon. Jerry Ahmed Shaib, has called for the immediate appearance of the relevant ministers before Parliament to address concerns over the cost of Ghana's participation in the 2026 FIFA World Cup and the country's preparations for the Commonwealth Games. Speaking in Parliament, Hon. Shaib said issues surrounding ticketing and the distribution of tickets for upcoming international sporting events require urgent attention and direct accountability from government leadership. According to him, the concerns are highly time-sensitive, and any delay in providing answers would render the information less relevant to Parliament and the Ghanaian public. The Weija-Gbawe MP also expressed concern over the apparent lack of coordination regarding Ghana's preparations for the Commonwealth Games. He noted that athletes are yet to receive adequate guidanc

Mahama Ayariga Urges Adherence to Sports Fund Reporting Process While Supporting Parliamentary Oversight The Majority Leader and Chairman of Parliament's Business Committee, Hon. Mahama Ayariga, has assured Members of Parliament that the House will receive the necessary reports on Ghana's participation in the World Cup and the management of the Sports Fund through the appropriate parliamentary processes. Responding to concerns raised on the floor of Parliament, Hon. Ayariga acknowledged the growing interest in receiving a comprehensive briefing from the Minister for Sports and Recreation on the country's World Cup participation and related expenditures. He noted that Parliament's attention should also focus on the new legal framework governing sports financing, particularly the Sports Fund Act, which establishes mandatory reporting requirements to promote transparency and accountability. According to the Majority Leader, the legislation requires detailed reports on the exact amount