News:
November 14, 2025
The Minority Caucus in Parliament have shared doubt the potency of the 2026 Budget and Fiscal Policy of government to achieve transformation as the Finance Minister wants Ghanaians to believe.
The Minority contends that the budget contains only cosmetic rhetorics presented by a crawling government.
At a post budget statement engagement with the media, Dr. Amin Adams who spoke for the caucus stated that “the structure of the 2026 Budget does not support the claim of a major shift toward jobs, productivity, and transformation.
this, he stated was because;
– Investment levels remain small.
– Revenue projections are overly optimistic.
– Borrowing pressures are high.
– Key fiscal risks are under-discussed.
– Flagship programmes lack transparency and costing.
“The lower GDP base and revenue shortfalls mechanically raise the debt-to-GDP ratio, even if the cash deficit narrows. In effect, Ghana is “consolidating” by shrinking the denominator of its debt ratio. True debt sustainability requires sustained growth and credible revenue mobilization, not austerity that undermines both.”
According to the Minority, there are hidden financing pressures which have not been duly reflected. “The government has faced several uncovered auctions this year and this is likely to be repeated next year. The BoG bills remain the attractive because they reflect the true interest rate that the market finds attractive and realistic and this competes with the government’s artificially managed T’bills auctions,” Amin Adam added.
Ghanamps.com