The Finance Minister, Dr Cassiel Ato Forson, has outlined major disbursements undertaken by the government during the first half of 2026, revealing that substantial releases have been executed to satisfy statutory payments, workers’ compensation, debt obligations, and key social interventions.
Unveiling the Mid-Year Fiscal Policy Review of the 2026 Budget on the floor of Parliament on Thursday, July 23, 2026, the Minister stressed that the allocations reflect the administration’s steadfast commitment to maintaining fiscal discipline while supporting economic growth.
“In the spirit of transparency and accountability allow me to live before this house a clear account of some of the expenditure we have made so far to support government program across the sectors approved in the twenty twenty-six budget,” he stated.
Addressing the wage bill for public servants, Dr Forson detailed how state funds were allocated to meet payroll demands and secure pension obligations.
“Mr speaker, first to compensate public sector workers an amount of 4.8 billion Ghana cities for compensation of employees has been paid including 4 billion Ghana cities as contribution to senate and 2billion Ghana cities as tier two pension scheme,” he said.
Turning to debt management, the Minister noted that the government has remained focused on managing both local and foreign liabilities to safeguard financial stability and restore investor trust.
“Mr speaker to honor our debt obligation an amount of 2.5billion for interest has been paid.
To honor our international debt obligation an amount of 7hundred million dollars for euro bond debt service and interest have also been paid.
To restore confidence on our financial systems an amount of 10 billion Ghana cities to domestic bond orders has been paid,” Dr Forson told the House.
On local government financing and healthcare, he assured lawmakers that crucial statutory funds continue to receive direct state backing to deepen decentralisation and protect vulnerable citizens.
“Mr speaker to deepen fiscal decentralization an amount of four point 4billion cities to the district assembly’s common fund representing the first two quarters of the year has been paid.
Mr speaker to keep the National Health Insurance Scheme strong and vibrant an amount of 4.5 billion Ghana cities has been paid.”
Beyond social protection and debt servicing, significant capital has also gone into critical infrastructure, education, youth initiatives, and energy sector development during the mid-year period.
Regarding educational funding, Dr Forson highlighted substantial interventions directed at institutional development and senior high school support.
“An amount of 4.2 billion Ghana cities for the first six months of the year to the Ghana Education Trust Fund gets funded has been paid,” he stated.
“Right honourable speaker to strengthen free secondary education program and ease the burden on families and an amount of 1.8billion cities to the free secondary education program has been paid,” he told the House.
Touching on the transport network, the Finance Minister affirmed that funding has been channeled toward maintaining national thoroughfares.
“Right honourable speaker to improve road maintenance an amount of 1.7billion Ghana cities to the road maintenance trust fund has been paid,” he said.
Concluding his address on operational funding, Dr Forson touched on youth engagement schemes and national energy operations.
“Mr speaker to support job creation for young people an amount of four hundred and 59million Ghana cities to the youth employment agency has been paid.
Mr speaker again to support petroleum sector an amount of the of 961million Ghana cities to the Ghana National Petroleum Corporation has been paid,” Dr Forson stated.
By: Rainbowradioonline.com/Ghana