Finance Minister, Dr. Cassiel Ato Forson, on Thursday, November 11, presented the 2026 Budget Statement and Economic Policy to Parliament, unveiling a bold new direction under the theme “Resetting for Growth, Jobs and Economic Transformation”.
The statement signals a renewed national commitment to prudent fiscal management, job creation, and long-term economic restructuring.
Speaking before Parliament, Dr. Forson declared that “fiscal discipline is the backbone of national progress”, underscoring the government’s resolve to steer the economy towards stability after years of volatility.
He emphasised that “there is no shortcut around responsible management”, reinforcing the administration’s stance on implementing tough but necessary reforms to restore macroeconomic balance.
A Budget Anchored in Integrity and Accountability
Dr. Forson assured the nation that under the leadership of President John Mahama, the integrity of Ghana’s public finances will be non-negotiable.
“President Mahama has made it clear that under his watch, the integrity of our public finances will remain sacred,” he stated.
The Finance Minister issued a strong warning against past practices of profligacy and indiscipline in public spending. In a deliberate tone, he said:
“Never again must we allow recklessness, waste, and indiscipline to define how we handle the people’s money.”
Resetting the Economy
The 2026 budget focuses on three pillars: growth, jobs, and economic transformation.
According to Dr. Forson, these priorities will be driven by responsible fiscal policy, strategic investments in infrastructure and industry, and reforms aimed at improving the efficiency of public institutions.
The government plans to:
- Increase funding for job creation programs in agriculture, renewable energy, and digital innovation.
- Strengthen the Ghana Infrastructure Investment Fund to support roads, transport, and energy projects.
- Implement stricter controls on government spending and debt accumulation.
Political and Economic Significance
This budget marks a notable shift in tone and strategy from previous years.
With Ghana emerging from the economic challenges of the early 2020s—including pandemic-related shocks and debt distress—Dr. Forson’s message is clear: a new era of accountability, fiscal prudence, and people-centered development has begun.
As the nation digests the details of the 2026 budget, one message from Dr. Forson resonates above all:
“Mr. Speaker, we have learned a powerful truth: fiscal discipline is the backbone of national progress.”
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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