2026 Budget: Ghana Targets 4.9% GDP Growth as Government Resets the Economy
Photo credit- Parliament
Accra, Ghana — Finance Minister Dr. Cassiel Ato Forson has unveiled an ambitious macroeconomic roadmap for 2026, outlining Ghana’s renewed pursuit of stability, jobs, and sustained economic growth under the theme: “Resetting for Growth, Jobs and Economic Transformation.” Presenting the 2026 Budget Statement to Parliament, Dr. Forson said the government aims to turn “the hard-won stability of 2025 into shared prosperity” as growth rebounds and inflation continues to fall.
“Inflation is down, the cedi is stronger, and growth has regained momentum. Our mission now is to transform this stability into prosperity for every Ghanaian,” he declared.
According to the minister, Ghana expects a steady rise in GDP, supported by reforms, improved fiscal discipline, and a strengthened macroeconomic environment. A Real GDP growth to average at least 4.9% from 2026–2028, a non-oil GDP to average at least 5%, an inflation to remain within 8% ± 2% target band, primary surplus of 1.5% of GDP maintained from 2026 onward and a Gross International Reserves to provide minimum three months of import cover
Dr. Forson emphasized that these numbers are achievable: “Over the medium term, real GDP is set to rise steadily, averaging about 4.9% at the minimum.”
These targets, he said, reflect a firm commitment to macroeconomic stability and resilience. “Our fiscal balance will remain strong, with a primary surplus of 1.5% of GDP from 2026 onwards.”
Dr. Forson further outlined four core fiscal priorities designed to consolidate Ghana’s recovery which includes a sustain a 1.5% primary surplus as mandated under the fiscal responsibility framework, continue execution of the Medium-Term Revenue Strategy to boost tax efficiency and compliance, rationalize public spending, cut leakages, and ensure every cedi delivers measurable results. “We will eliminate inefficiencies and ensure that every cedi delivers value for citizens.”
Safeguard funding for education, health, and social protection, especially for poor and vulnerable households. “Our fiscal strategy will match discipline with compassion.” Dr. Forson said the Bank of Ghana will maintain a cautious, data-driven posture to anchor macro stability. “The Central Bank will keep inflation within the targeted band of 8 plus or minus 2, and ease only when safe. Mr. Speaker, the Central Bank is doing a good job.”
The 2026 Budget marks Ghana’s transition from stabilization toward structural transformation. According to Dr. Forson, the goal is not only economic recovery, but a resilient, jobs-driven and inclusive economy.
“The sacrifices made by Ghanaians have restored hope and confidence. Now we must move to growth, jobs and transformation.”
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