Parliament has approved a total budget of GH¢357.11 billion for the 2026 financial year, clearing the way for government to finance its operations and development programmes from January 1 to December 31, 2026.

The approval followed the passage of the Appropriation (No. 2) Act, 2025, which has subsequently received presidential assent.

Under the Act, the approved funds will be sourced from the Consolidated Fund and other public funds and distributed to Ministries, Departments and Agencies (MDAs) in accordance with allocations set out in the First Schedule of the legislation. The resources are expected to support the provision of essential public services and the implementation of key development projects across the country.

In addition, the law authorises selected public institutions to retain and utilise a total of GH¢18.18 billion from their internally generated funds (IGF) during the 2026 fiscal year. This measure is intended to enhance operational efficiency and strengthen financial management within the public sector.

The legislation also mandates the Controller and Accountant-General to release funds based on warrants issued by the Minister responsible for Finance, a process designed to promote accountability, transparency and the timely disbursement of public funds.

The passage of the 2026 Appropriation Act underscores the government’s commitment to prudent fiscal management and effective resource allocation as it seeks to position the economy for sustained growth and development in the year ahead.