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2026 Mid-Year Budget Review: We are spending responsibly, not starving the economy – Ato Forson

Finance Minister Dr Cassiel Ato Forson has highlighted billions of cedis in government expenditure across key sectors, dismissing claims that the government is failing to inject enough resources into the economy.

The comments follow concerns from the opposition New Patriotic Party (NPP) that the government’s approach to fiscal management is not translating into meaningful economic activity for households and businesses.

Critics have argued that while key economic indicators may be improving, the benefits of the recovery are yet to be widely felt, with businesses and citizens still facing financial pressures.

However, presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr Forson said the government had maintained responsible spending while directing resources towards critical sectors of the economy.

He said government expenditure had supported areas including public sector wages, debt obligations, healthcare, education, infrastructure development, and social intervention programmes.

“In the spirit of transparency and accountability, allow me to lay before this House a clear account of some of the expenditure we have made so far in support of government programmes across sectors approved in the 2026 Budget,” he said.

Dr Forson said the expenditure figures demonstrate the government’s commitment to ensuring that public resources are used effectively to support economic recovery, protect vulnerable groups, and advance national development priorities.

Sector / ProgrammeExpenditure Paid
Compensation of public sector workers (including SSNIT and Tier 2 Pension Scheme contributions)GH¢48.8 billion
Domestic debt interest paymentsGH¢21.5 billion
Eurobond debt service and interest$700 million
Payments to domestic bondholdersGH¢10 billion
District Assemblies Common Fund (DACF)GH¢4.4 billion
National Health Insurance Scheme (NHIS)GH¢4.5 billion
MahamaCares (specialised healthcare support)GH¢1.1 billion
GETFund (education support)GH¢4.2 billion
Free Secondary Education ProgrammeGH¢1.8 billion
Road Maintenance Trust FundGH¢1.7 billion
Youth Employment Agency (YEA)GH¢459 million
Ghana National Petroleum Corporation (GNPC)GH¢961 million
Mineral Development FundGH¢458 million
Energy sector (stable power supply)GH¢7.1 billion
Clearance of legacy government arrearsGH¢5.3 billion
Capitation GrantGH¢76 million
Livelihood Empowerment Against Poverty (LEAP) beneficiariesGH¢485 million
Ghana School Feeding ProgrammeGH¢877 million
BECE registration supportGH¢46 million
No Fees Stress Policy (tertiary education support)GH¢537 million
Teacher Trainee AllowanceGH¢104 million
Nursing Trainee AllowanceGH¢144 million
Assembly Members’ AllowanceGH¢93 million
National Apprenticeship ProgrammeGH¢45 million
Ghana’s participation in the 2026 FIFA World CupGH¢58 million
IRECOP (environmental sustainability support)GH¢477.4 million
Ministry of Food and Agriculture flagship programmes (Food Buffer Stock, fertiliser, certified seeds, Feed Ghana, irrigation)GH¢1.1 billion
Farmer Service Centres (escrow account for letter of credit)GH¢551 million
Capital ExpenditureGH¢11.5 billion
Big Push Infrastructure ProgrammeGH¢6.5 billion
Ministry of Education goods and services (including sanitary pads)GH¢915 million
General government goods and servicesGH¢7.9 billion
National Anti-Illegal Mining Operations Secretariat (NAIMOS)GH¢16 million
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