Friday, 24 July

Parliament defers debate on 2026 mid-year budget review to next week July 28

News
Parliament of Ghana

Parliament has postponed debate on the 2026 Mid-Year Budget Review to Tuesday, July 28, allowing Members of Parliament more time to examine the fiscal policy statement presented by Finance Minister Dr. Cassiel Ato Forson.

The debate was originally expected to begin on Friday, a day after the Minister delivered the review to the House. However, parliamentary business was revised, pushing consideration of the statement to next week.

The postponement will give both Majority and Minority MPs additional time to analyse the government's economic performance during the first half of the year and evaluate the fiscal and policy measures proposed for the remainder of 2026 before contributing to the debate.

Presenting the review on Thursday, Dr. Forson reported improvements in several key economic indicators, including lower inflation, a more stable exchange rate, stronger international reserves and continued fiscal consolidation.

The Finance Minister also outlined government's plans to drive economic growth through the Big Push infrastructure initiative, increased investment in agriculture and education, expanded social protection programmes and measures aimed at sustaining the country's economic recovery.

Among the key announcements was additional funding for educational infrastructure to support the eventual elimination of the double-track system under the Free Senior High School programme.

The Mid-Year Budget Review has drawn varied reactions from economic analysts and other stakeholders. While some have welcomed the reported macroeconomic gains, others have urged government to intensify efforts to create jobs, strengthen domestic revenue mobilisation and provide greater support for productive sectors of the economy.

Before the budget presentation, the Minority had indicated it would subject the review to rigorous scrutiny and reiterated its opposition to any attempt by the government to seek additional expenditure approvals, arguing that Parliament had already authorised substantial borrowing.

 

With debate now scheduled for July 28, lawmakers are expected to undertake a detailed assessment of the government's fiscal performance, examine the proposed policy interventions and determine whether the measures outlined are adequate to sustain economic growth and improve the living conditions of Ghanaians.

Source: Classfmonline.com/Zita Okwang