Ato Forson expected to present 2026 Mid-Year Budget Review to Parliament next week

Finance Minister Dr Cassiel Ato Forson is expected to deliver the government’s 2026 Mid-Year Budget Review to Parliament next week, subject to the approval of the House leadership, according to a report by Myjoyonline.com.

The presentation will depend on Parliament’s schedule, while the Finance Minister is also expected to complete consultations with Cabinet on major policy proposals before briefing President John Dramani Mahama ahead of the budget update.

If the necessary consultations and parliamentary arrangements are finalised on time, the Mid-Year Budget Review will be presented to lawmakers next week.

The review is expected to outline the government’s roadmap for maintaining recent gains in the economy while shifting focus from economic stabilisation to sustained long-term growth.

It is also anticipated to build on ongoing fiscal reforms and the broader economic recovery programme, with priorities including job creation, increased productivity, economic resilience and inclusive development.

As part of the presentation, Dr Forson is 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). He is also likely to provide the latest information on the country’s debt restructuring process, particularly negotiations involving external creditors.

The review is further expected to highlight improvements in Ghana’s debt sustainability following recent assessments by the IMF.

On the fiscal side, the Finance Minister will report on government revenue collected during the first half of 2026 and outline expenditure measures for the remainder of the year to ensure funding for priority sectors while maintaining fiscal discipline.

The document is also expected to set out policies aimed at boosting economic activity, creating employment opportunities, protecting macroeconomic stability and strengthening investor confidence.

Additionally, the Mid-Year Budget Review will evaluate the economy’s performance over the first six months of the year, including revenue mobilisation, public spending, debt servicing and the overall fiscal outlook. It will also announce any proposed revisions to the 2026 Budget in response to prevailing economic conditions.

Under Section 28 of the Public Financial Management Act, 2016 (Act 921), the Finance Minister is required to present a mid-year update to Parliament on the implementation of the national budget and the fiscal outlook for the rest of the year.

The exercise also serves as an important accountability measure, allowing Parliament, investors, development partners and the public to assess the government’s fiscal performance against its approved budget targets.

Prince Antwi

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