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 policy priorities for the remainder of 2026.
The review will assess the economy’s performance against the targets set in the 2026 Budget, which aimed to move Ghana from a phase of macroeconomic stabilisation to sustained economic growth while maintaining fiscal discipline.
Since the budget was presented in November 2025, key economic indicators have outperformed expectations. Inflation has fallen to 5.3 per cent, while fiscal consolidation, the external sector and debt sustainability have all shown notable improvements.
Dr Forson is also expected to provide Parliament with updates on revenue mobilisation, public expenditure, debt management and the government’s financing strategy for the second half of the year.
The government is widely expected to maintain its current tax policy, with no new taxes anticipated in the mid-year review. Instead, the presentation is expected to focus on implementing existing fiscal measures to preserve macroeconomic stability and support economic growth.
The minister is further expected to brief lawmakers 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 the country’s economic reform agenda after the current IMF programme concludes.
The Mid-Year Budget Review is regarded as one of the government’s key fiscal policy statements, providing an update on spending priorities, borrowing plans and the broader economic outlook.
Businesses, investors and development partners will be watching the presentation closely for indications on inflation, interest rates, exchange rate stability and any adjustments to expenditure allocations or financing strategies for the remainder of the year.
