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ATO FORSON TO PRESENT 2026 MID-YEAR BUDGET REVIEW TO PARLIAMENT ON JULY 23

By ICAD News DeskSource: ICAD International Media2 min read
ATO FORSON TO PRESENT 2026 MID-YEAR BUDGET REVIEW TO PARLIAMENT ON JULY 23
Finance Minister Dr. Cassiel Ato Forson is expected to present the 2026 Mid-Year Budget Review to Parliament on Thursday, July 23, 2026. The announcement was made on the floor of Parliament on Tuesday, July 14, by the Deputy Majority Leader, Kweku Ricketts-Hagan, while presenting the Business Statement for the upcoming parliamentary week. The Mid-Year Budget Review is a constitutional requirement that provides an assessment of budget implementation, reviews macroeconomic performance during the first half of the year, and outlines any necessary adjustments to the government's fiscal policy. Speaking in Parliament, Mr. Ricketts-Hagan said: «"On the issue of the 2026 Mid-Year Budget Review, the date is Thursday, July 23; that is when the Finance Minister will come here to present the Mid-Year Review. As to whether it will be a statement or otherwise, that is in the hands of the Finance Minister, and I cannot pre-empt that."» The presentation is subject to Parliament's sitting schedule and is expected to follow consultations between the Finance Minister, Cabinet, and a final briefing to President John Dramani Mahama on the key policy directions of the review. Beyond reporting on budget implementation, the statement is expected to outline the government's plans to consolidate economic recovery, strengthen public finances, and promote private sector-led growth during the second half of the year. Economic analysts also expect the review to signal a shift from economic stabilisation to expansion, with a focus on job creation, increased productivity, and building economic resilience while maintaining fiscal discipline and advancing ongoing structural reforms. A key feature of the presentation is expected to be an update on Ghana's engagement with the International Monetary Fund (IMF). Government is anticipated to announce the successful completion of the Extended Credit Facility (ECF) programme and the transition to the IMF's Policy Coordination Instrument (PCI), which is expected to guide the country's macroeconomic policy framework following the end of the bailout programme.