Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation
The government says it will maintain fiscal discipline and prioritise job creation in the 2026 Budget as part of efforts to consolidate macroeconomic stability and sustain progress achieved under the International Monetary Fund (IMF) programme.
Speaking at a media engagement ahead of the budget presentation, Deputy Finance Minister, Thomas Nyarko Ampem, said the 2026 fiscal policy framework will focus on sustainable growth and inclusive development as Ghana prepares to exit the IMF-supported programme next year.
“Our focus is to maintain fiscal stability while creating more jobs for Ghanaians. We want to ensure that the gains made under the IMF programme are protected and translated into real improvements in the lives of our citizens,” Mr Ampem stated.
He emphasised that fiscal discipline remains central to government’s economic management strategy, adding that the administration will work to prevent a relapse into high deficits and debt accumulation.
Job Creation, Sectoral Support
According to the Deputy Minister, job creation will serve as a major pillar of the 2026 budget, with targeted interventions in agriculture, manufacturing, and digital innovation to boost employment, particularly for the youth.
He added that the government will continue to engage key stakeholders to ensure that the upcoming budget reflects national development priorities while maintaining fiscal prudence.
Commitment to Budget Credibility
Reaffirming the ministry’s commitment to budget credibility, Mr Ampem said future budgets will be anchored on realistic revenue targets, disciplined expenditure, and transparent fiscal operations.
“We are determined to ensure that every cedi allocated in the budget corresponds with actual revenue performance and that we spend within our means. This is how we strengthen fiscal discipline and build credibility,” he said.
He noted that maintaining budget credibility is essential for restoring public and investor confidence in government finances, especially as Ghana transitions toward a post-IMF economic framework.
Background
The 2026 Budget Statement and Economic Policy is expected to be presented to Parliament in November, with a focus on fiscal consolidation, job creation, and sustainable growth.
The fiscal plan will serve as a key benchmark for assessing Ghana’s readiness to exit the IMF programme, following improved macroeconomic indicators including declining inflation, a stabilising cedi, and a narrowing fiscal deficit.
