News:
November 11, 2026
Finance Minister Dr Cassiel Ato Forson will present the budget on Thursday, November 12, 2026, with a focus on cutting waste and funding the US$10 billion New Economy programme.
The government has assured Ghanaians that the 2027 Budget and Economic Policy Statement will not introduce new taxes.
A Ministry of Finance source said Dr Cassiel Ato Forson will not announce fresh tax measures when he presents the government’s fiscal policy to Parliament on Thursday, November 12, 2026.
Instead, the government intends to focus on eliminating wasteful public expenditure, improving efficiency in public financial management, and redirecting resources towards priority development sectors.
At the centre of the government’s spending agenda is the US$10 billion New Economy programme, a four-year investment framework covering 2027 to 2030.
According to the source, the Ministry of Finance has developed a funding strategy that prioritises efficient resource management rather than imposing additional tax burdens on businesses and households.
“There won’t be any new tax being introduced tomorrow. We are funding all the programmes with the resources and the waste that we have cut,” the source told News Alert GH.
One of the key measures involves cutting non-essential administrative expenditure and redirecting the savings towards sectors expected to drive economic growth.
The government is also expected to reduce its primary surplus target from 1.5 per cent to 0.5 per cent to create additional fiscal space for development spending.
On revenue mobilisation, the Ghana Revenue Authority (GRA) is expected to intensify efforts to improve tax compliance, close existing revenue leakages, and digitise tax administration without increasing existing tax rates.
The assurance is expected to be welcomed by businesses, traders, manufacturers, and households, many of whom have called for a stable tax regime to ease operational costs and protect disposable incomes.
The 2027 Budget presentation is scheduled for 6:00 p.m. on Thursday, November 12, 2026, when Dr Ato Forson is expected to outline the government’s revenue measures, expenditure priorities, and broader economic policy direction for the coming year.
Ghanamps.com