Finance Ministry Begins Consultations on 2026–2029 Budget
The Ministry of Finance will this week commence public hearings as part of preparations for Ghana’s 2026–2029 Budget and Economic Policy.
The consultative process will solicit input from business associations, financial institutions, civil society organisations, and the general public to shape government’s medium-term economic framework.
The 2026 budget, scheduled to be presented to Parliament on November 15, 2025, is expected to prioritise job creation and private sector-led growth. According to the Ministry, previous submissions from stakeholders have had a significant impact on the design of past budgets.
Government has already signalled that its priority focus aligns with recent World Bank recommendations, which emphasise sustained employment creation as a cornerstone of Ghana’s economic recovery efforts.
Reiterating this direction, the Ministry said the 2026 fiscal agenda will place job creation at the centre of policy.
In advance of the hearings, the Ghana Union of Traders Association (GUTA) has outlined its key demands, calling for further reductions in commercial lending rates and tax rates to ease the cost of doing business.
GUTA’s Public Relations Officer, Joseph Paddy, stressed that while inflation and the Bank of Ghana’s policy rate have declined, interest rates remain elevated, constraining businesses’ access to credit.
“Additional cuts in lending rates are crucial for traders and the wider private sector. Despite easing inflation and policy rate reductions, commercial interest rates are still too high,” he said.
