Finance Minister, Cassiel Ato Forson has presented the upcoming fiscal year budget statement and economic policy to Parliament on Thursday, 13th, November, 2025.
The budget highlights more set of essential macroeconomic consideration for next year and the medium goals.
He noted that the projects a recovery on stability, growth and fiscal discipline, with clear targets spanning 2026 to 2029.
Mr. Forson explained that “under the medium-term macroeconomic structure (2026–2029), government is aiming for an average real Gross Domestic Product (GDP) growth rate of 4.9 percent, with non-oil GDP growth expected to hover around 5.0 percent as part of efforts to diversify away from extractive industries.”
According to him, inflation is projected to remain within the range of a “plus 2 of the current 8% or a minus 2% target band, while the primary balance is expected to record a surplus of 1.5 percent of GDP on commitment basis from 2026 onwards in line with the Fiscal burden structure aimed at consolidating recent gains in stability.”
Mr. Forson further outlined that the budget sets overall real GDP growth at a minimum of 4.8 percent, driven largely by expansion in services, manufacturing and agriculture.
Non-oil real GDP growth is expected to reach at least 4.9 percent, underscoring government’s push to reduce reliance on oil revenues.
Presenting the fiscal outlook, Ato Forson stated that government is projecting a budget deficit of 2 percent in 2026 which is an improvement from the 2.8 percent deficit projected for 2025.
He added that “the macroeconomic targets reflect government’s renewed commitment to stability, sustainable growth and prudent fiscal management as Ghana moves into the next phase of economic recovery and transformation.”
Contributor; Collins Kofi Asante
