Francis – Page 3 – Institute for Fiscal Studies Ghana

December 20, 2025

A REVIEW OF THE 2026 BUDGET STATEMENT AND ECONOMIC POLICYOF THE GOVERNMENT OF GHANA

The 2026 budget statement, tabled by the government on November 13, 2025, has thetheme “Resetting for Growth, Jobs, and Economic Transformation.” According to thegovernment, the core policy objectives are to consolidate macroeconomic stability,accelerate economic transformation and job creation, and strengthen national security and the social sectors to promote inclusive growth.

July 6, 2026

AN ASSESSMENT OF THE GOVERNMENT OF GHANA’S 2025 MID-YEAR FISCAL POLICYREVIEW

When the government presented the 2025 mid-year fiscal policy review on July 24, it had much to celebrate from the macroeconomic perspective. Real GDP growth, inflation, and the cedi exchange rate had seen significant improvements. Ghana’s external account position had also improved considerably. For the most part, information on these macroeconomic developments was well known before the government presented the mid-year review. In contrast, much less was known about the nature of the execution of the 2025 budget during the first half of the year, especially as the budget had introduced many new policy initiatives. Therefore, the Institute for Fiscal […]

August 14, 2026

AN ANALYSIS OF THE GOVERNMENT OF GHANA’S 2026 MID-YEAR BUDGET REVIEW – POLICY BRIEF 26

The mid-year budget review that was presented to Parliament on July 23, 2026, provided an opportunity for the government to report on the implementation of the 2026 budget, reassess the macroeconomic and fiscal outlooks for the year, and outline policy measures to support the realization of the government’s economic and fiscal objectives for 2026. This paper critically analyzes the review. Even though we find aspects of the review and the macroeconomic developments that are positive, we identify in this paper a number of important weaknesses about the review, which have undermined the credibility of the budget and the government’s ability […]