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Finances: Ghana approves the 2026 budget of 31 billion dollars

24/12/2025
Source : ORISHAS FINANCE
Categories: Sectors

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This weekend, the finance bill was adopted by the Ghanaian Parliament. It approves the public spending of 357.1 billion Ghanaian cedis (about 31 billion dollars) for the fiscal year 2026.

Approval of the Ghanaian finance bill makes following six weeks of debate in both houses of Parliament on the draft Budget presented by the Minister of Finance, Cassiel Ato Forson, on 13 November. During the discussions, Mr. Forson said that the government had managed the economy prudently, ensuring strategic management of debt without borrowing from the central bank. The Board of Directors of International Monetary Fund (FMI ) approved Wednesday evening the fifth review of Ghana's reforms, paving the way for immediate release of $385 million to support the recovery economic of the country. For the Fund, “the results achieved by Ghana as part of its reform program supported by the credit facility expanded were generally satisfactory. The authorities have shown a strong ownership of the program by decisively implementing ambitious corrective measures after the political slip-ups of 2024”.

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