Executive Director of the Complementary Education Agency, Daniel Kwasi Ashiama has said the 2026 Mid-Year Budget Review is expected to account for how funds approved in the national budget have been utilised rather than introduce new budgetary figures.
Speaking on Angel FM’s ‘Anɔpa Bɔfoɔ’ on Thursday, July 23, 2026, he explained that the Finance Minister would update Ghanaians on expenditure from the budget approved for the 2026 fiscal year and indicate whether additional funding would be required.
“The budget to be read is a mid-year budget. It’s not a budget of new figures but he is coming to tell us what we have used the money for from the budget approved for 2026 and show the work we have done,” he said.
Mr. Ashiama added that information available to him suggests no new taxes are expected to be announced in the review.
“What I am hearing from the grapevine is that no more taxes will be imposed,” he noted.
He also expressed optimism about the country’s economic direction, noting that the Bank of Ghana’s decision to maintain its policy rate would help protect businesses and workers from the impact of higher borrowing costs.
“Where Ghana is going today, things are getting better. The Bank of Ghana has maintained the policy rate because if it goes high, it will affect businesses and workers,” he explained.
Mr. Ashiama further expressed confidence that the mid-year review would contain positive news and provide a bridge to the preparation of the 2027 national budget.
He, however, maintained that government should not hesitate to borrow to complete major national projects where necessary.
“If it gets to a point we need to borrow money to complete big projects, it must be done. That is what I will advise,” he stressed.
