Finance Minister Dr Cassiel Ato Forson is expected to introduce the government’s much-anticipated New Economic Policy when he presents the 2026 Mid-Year Budget Review to Parliament on Thursday, July 23, 2026.
The policy is expected to mark a transition from the government’s focus on economic stabilisation to a broader long-term growth strategy, while building on the macroeconomic gains recorded over the past year.
Government sources say the framework will build on the fiscal reforms and recovery measures implemented by the Mahama administration and provide a roadmap for sustainable economic transformation.
The proposed policy is expected to focus on job creation, higher productivity, economic resilience and inclusive growth as the key pillars of the government’s development agenda.
During the budget presentation, Dr Forson is also expected to update Parliament on Ghana’s successful completion of the International Monetary Fund’s Extended Credit Facility (ECF) programme and the country’s transition to the Policy Coordination Instrument (PCI).
He is further expected to outline measures aimed at maintaining fiscal discipline while presenting a review of Ghana’s economic performance over the past 12 months.
Lawmakers will also receive an update on the country’s external debt restructuring programme, including its impact on the economy and improvements in Ghana’s debt sustainability following recent assessments by the IMF.
On the fiscal front, the Finance Minister is expected to present revenue performance for the first half of 2026 and explain how the government plans to manage public spending while protecting priority sectors during the remainder of the year.
The Mid-Year Budget Review is also expected to outline measures to stimulate economic activity, create employment, strengthen investor confidence and maintain prudent fiscal management.
In addition, Dr Forson may propose adjustments to the 2026 Budget to reflect current economic conditions and emerging fiscal priorities.
Parliament is expected to receive a comprehensive update covering revenue mobilisation, public expenditure, debt servicing and the fiscal outlook for the second half of the year.
The Mid-Year Budget Review is presented in line with Section 28 of the Public Financial Management Act, 2016 (Act 921), which requires the Finance Minister to report to Parliament on the implementation of the national budget and provide an outlook for the rest of the financial year.
The review also allows Parliament, investors, development partners and the public to assess Ghana’s economic performance and evaluate the implementation of the approved budget.
