The government has projected that it will reduce Ghana’s fiscal deficit sharply from $2.8\%$ of GDP in 2025 to $2\%$ in 2026.
This was disclosed by Finance Minister Dr. Cassiel Ato Forson on Thursday, November 13, 2025, when he presented the 2026 budget statement.
He said the objective is to help maintain fiscal discipline while supporting growth.
According to him, the Mahama-led administration is committed to expanding the tax net rather than overburdening existing taxpayers, as part of efforts to strengthen revenue mobilization and ensure fiscal sustainability.
“Our focus is on expanding the tax net, not overburdening existing taxpayers,” he told Parliament.
He assured that expenditure will remain under tight control, rising modestly from $15\%$ of GDP in 2025 to $15.4\%$ in 2026.
The move forms part of measures to consolidate fiscal stability while providing adequate resources for key national priorities.
Additionally, the government is targeting a primary shortfall of $1.5\%$ of GDP in 2026, consistent with Ghana’s fiscal anchor, to ensure that economic recovery is sustained without jeopardizing debt reduction efforts.
The overall fiscal deficit is projected at $2.2\%$ of GDP, while on a cash basis, it is expected to stand at $4\%$ of GDP, he said.
“This fiscal stance balances consolidation with growth, maintaining discipline while safeguarding resources for productive investment under the Big Push Infrastructure Programme and other national priorities,” Dr. Forson added.
By: Rainbowradioonline.com/Ghana
