The Finance Minister, Dr Cassiel Ato Forson, will present the 2026 Mid-Year Budget Review on the floor of Parliament on Thursday, July 23.

This was announced by the Deputy Majority Leader, Kweku Ricketts-Hagan, while he was presenting the Business Statement for the coming parliamentary week.

The Mid-Year Budget Review in Ghana is a statutory requirement under Section 28 of the Public Financial Management Act, 2016 (Act 921). It is expected to be presented to Parliament by July 31 each year and serves as an accountability mechanism to assess fiscal performance and adjust policy.

It is anchored in the constitutional principles of transparency and accountability under Articles 179 and 187 of the 1992 Constitution.

“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 a statement or what have you, that is in the hands of the Finance Minister and I cannot pre-empt that,” he said.

The presentation, which is subject to Parliament’s sitting schedule, is expected after the Finance Minister concludes consultations with Cabinet and briefs President John Dramani Mahama on the policy proposals contained in the review.

What does the Mid-Year Budget Review cover?

A Mid-Year Budget Review is presented as a comprehensive fiscal update, structured to give Parliament and the public a clear picture of how the economy and government finances are performing halfway through the year.

Typically, the Minister begins with a macroeconomic update, where he touches on GDP growth, inflation trends, exchange rate movements, foreign reserves, and debt sustainability. This sets the tone by showing whether the economy is on track with projections or facing new pressures.

The review then covers revenue performance, explaining how much has been collected in taxes, levies, and other sources compared to what was projected in the annual budget. Following this, the Minister presents an expenditure review, which breaks down how government funds have been spent so far.

It includes details on wages and salaries, interest payments on debt, capital projects, and social interventions such as Free SHS and the School Feeding Programme.

The Minister also provides a fiscal deficit outlook, assessing whether Ghana is on track to meet its deficit target or whether adjustments are needed. For instance, the Minister is expected to provide an update on Ghana’s recently concluded IMF Extended Credit Facility (ECF) programme and the country’s transition to the new Policy Coordination Instrument (PCI).

Following that are policy adjustments, where the government may revise expenditure ceilings, borrowing plans, or introduce new measures to stabilise the economy in response to emerging challenges.

Finally, the review highlights sectoral progress, providing updates on flagship programmes such as Free SHS, the 24-Hour Economy initiative, industrialisation efforts, and energy sector reforms. This demonstrates how government policies are translating into tangible outcomes across different sectors.

The review will provide a comprehensive assessment of the economy over the first six months of 2026, covering revenue mobilisation, expenditure, debt servicing, and the overall fiscal outlook. It is also expected to announce any adjustments to the 2026 Budget in response to prevailing economic conditions.