Finance Minister Dr. Ato Forson is expected to present the 2026 Budget Statement and Economic Policy to Parliament on November 13, Joy Business has learned from sources close to the process.
The proposed date, pending parliamentary approval, will mark the government’s first major budget presentation since its 2024 election victory and nine months in office. Analysts say the 2025 Budget mainly followed the framework of the previous administration.
In line with the Public Financial Management Act, the Finance Minister must present the national budget to Parliament no later than November 15 each year. The Ministry of Finance has already completed several rounds of stakeholder consultations to finalise the 2026 fiscal policy.
Dr. Forson has hinted that the upcoming budget will focus on job creation, tax reforms, and economic growth. Sources also indicate that new policies will aim to improve revenue mobilisation while easing the tax burden on businesses and households.
The Ghana Revenue Authority (GRA) Commissioner-General, Anthony Sarpong, has confirmed that the budget will include a review of the Value Added Tax (VAT) rate from 22% to 20% as part of broader efforts to make the tax system more business-friendly.
With Ghana expected to exit the IMF programme in May 2026, the budget will be a crucial roadmap for the country’s post-IMF economic strategy, focusing on managing the fiscal deficit, expenditure control, and maintaining macroeconomic stability.
