Chairperson of the Public Accounts Committee, Abena Osei Asare, has disclosed that Ghana recorded a revenue shortfall of close to GH¢2 billion in the first half of 2026, pointing to weak economic activity.
She made the statement while contributing to the debate on the 2026 Mid-Year Budget Review presented to Parliament by Finance Minister Ato Forson on Thursday, July 23.
Speaking in Parliament on Tuesday, July 28, Madam Osei Asare said total revenue and grants amounted to GH¢268 billion, against a half-year target of GH¢270 billion.
According to her, the shortfall was largely driven by domestic taxes on goods and services, which alone fell short by GH¢6.8 billion.
She added that the decline in VAT and excise duty was a clear indication that businesses are struggling and consumer spending has slowed.
“When you drill down, VAT tells some story. It tells a story that people are not buying, businesses are not flourishing, and that is how come you see a fall in VAT and excise duty tax,” the Atiwa East MP said.
The MP further stated that a GH¢2.3 billion shortfall was recorded in VAT and excise duty, arguing that the figures reflect the reality of economic activity rather than government slogans.
According to her, capital expenditure also declined by GH¢14.3 billion in the first half of the year.
She attributed the reduction to its direct impact on constituencies, citing stalled road projects as an example.
As the MP for a constituency with a bypass project, she said the lack of capital expenditure means key road infrastructure projects are not being completed.
Source: Nana Amoako Gyampa
