Finance Ministry — Ghana's government agency responsible for fiscal policy, revenue mobilization, and budget management, overseeing 2026 revenue targets and IMF programme completion.
… Similarly, on the disputed vehicle procurement contract with Mac Autos, the Court noted that the Finance Ministry had confirmed the financing arrangement to the Public Procurement Authority, and that her successor as CEO went on to renegotiate and pay out the same contract — hard …
… The evidence actually showed the Finance Ministry had confirmed the financing arrangements, and tellingly, her successor as CEO went on to honour and pay out the same contract, hard to reconcile with the idea that it was unlawful from the start. …
The Finance Ministry has described the completion of the three-year Extended Credit Facility (ECF) as a significant progress made in ensuring economic stability. …
… According to Dr Boako, “It is happening because the Finance Ministry and the management of finances of this country are doing virtually nothing to ensure that we can raise the needed revenue to finance such critical investment in the country, and that is why we are resorting to b …
… pen, all that the government needs to do is to cut expenditure and when it is unable to use revenue for such critical expenditure, the government will have to resort to borrowing.” The MP made the remarks while contributing to parliamentary debate, calling on the Finance Ministry …
… Dr Boako further noted that, “In 2025 alone, government revenue fell short by 2.2% and government expenditure fell by 13%, while capital expenditure fell by 13.8%.” He urged the Finance Ministry to improve revenue mobilisation to ensure government has sufficient resources to fund …
The Finance Ministry has disclosed that $4.2 million transferred from the Greater Accra Resilient and Integrated Development (GARID) Project for Covid-19 expenditure under the Akufo-Addo administration remains unretired. …
Since 2021, Ghana's government has collected GH¢2.03 billion through a Sanitation and Pollution Levy (10 pesewa per litre of fuel) to fund waste management, air quality, and sanitation improvements. Of GH¢1.51 billion spent by end-2024, about 80 percent went to landfill and waste treatment maintenance, while GH¢0 was allocated to constructing sanitation facilities to eliminate open defecation, one of the levy's stated core objectives.
Since 2021, Ghana's government has collected GH¢2.03 billion through a Sanitation and Pollution Levy (10 pesewa per litre of fuel) to fund waste management, air quality, and sanitation improvements. Of GH¢1.51 billion spent by end-2024, about 80 percent went to landfill and waste treatment maintenance, while GH¢0 was allocated to constructing sanitation facilities to eliminate open defecation, one of the levy's stated core objectives.
The Finance Ministry has assured that Ghana will meet its revenue target for 2026, citing ongoing government reforms and the expected strengthening of tax mobilisation in the third and fourth quarters, despite provisional mid-year collections falling short of the government's target.
The Court of Appeal set aside all 78 convictions against former MASLOC Chief Executive Officer Sedina Christine Tamakloe Attionu on July 30, 2026, finding that the prosecution failed to properly authenticate key evidence, including a ten-year-old letter that was the basis for the largest theft count of GH¢500,000.
The Court of Appeal has acquitted and discharged former MASLOC boss Sedina Tamakloe, who was convicted by the High Court in 2019 on 78 criminal counts related to mismanagement of agency finances, including a GH¢500,000 investment refund, diverted disaster relief funds, and inflated vehicle purchases. The appellate court found the state had not proved its case against her beyond reasonable doubt.
Ghana has completed its three-year Extended Credit Facility with the IMF, with the Board approving a final disbursement of US$371 million. The Finance Ministry said the completion reflects progress in fiscal discipline, reduced inflation, and strengthened external buffers, and Ghana will now move into a 36-month Non-Bailout Policy Coordinating Instrument with the IMF.
The NPP Minority in Parliament argues that Ghana's reported economic gains ahead of the 2026 Mid-Year Budget Review are largely due to reduced government spending rather than genuine improvement, noting that revenue fell short of revised targets by about 4.7 per cent while capital expenditure was about 41 per cent below target in the first quarter of 2026.
Dr Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has questioned government's resumed borrowing less than a year after exiting the IMF programme, arguing the country should have prioritised domestic revenue mobilisation to finance critical investments instead.
Deputy Ranking Member on Parliament's Finance Committee Dr Gideon Boako says persistent revenue shortfalls are compelling the government to borrow to finance critical national programmes, including education. He cited Q1 2026 fiscal data showing shortfalls across multiple revenue sources—VAT 6% below target, NHIS Levy and GETFund each 29.9% below, crude oil 37% below, excise 23% below, and import duties 14% below—arguing that when revenue cannot cover essential expenditure, government must resort to borrowing.
Dr Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, says weak revenue performance forced government to reduce expenditure by 29% in the first quarter of 2026, when revenue fell short by 4.5%, and urges improved revenue mobilisation to fund development without additional borrowing.
The Finance Ministry disclosed that $4.2 million transferred from the Greater Accra Resilient and Integrated Development (GARID) Project for Covid-19 expenditure under the Akufo-Addo administration remains unretired. Technical Advisor Frederick Amissah said there had been no delays in GARID fund releases, though nearly half of the $137 million drawn down was redirected to Covid-19 spending.
Akosua Manu, advisor to the 2028 NPP flagbearer, has accused the NDC government of prioritizing fiscal figures over implementing flood mitigation projects through the GARID scheme, despite funding being available. According to World Bank reports cited by Manu, the Finance Ministry's fiscal controls delayed the project despite available resources for drainage and flood prevention works.
Sagnarigu MP Atta Issah defended the government's handling of the Greater Accra Resilient and Integrated Development Project, attributing implementation delays to fiscal constraints and expenditure controls imposed across government sectors rather than project abandonment. He argued that the slowdown reflects broader efforts to restore fiscal discipline and stabilise the economy, not a lack of commitment to the World Bank-funded programme.
The Finance Ministry argues that Ghana's strongest national asset is the health and productivity of its people, not currency or natural resources. Dr Theo Acheampong, a technical advisor at the ministry, said government views healthcare as essential economic infrastructure that expands access to services, improves workforce productivity, and drives national development.
Dr. Stephen Lartey, an economist with more than 15 years of experience in economic research, financial-sector leadership and policy analysis, has been appointed Technical Adviser to the Minister for Finance. He holds a PhD in Economics from the University of Sussex and is known for his evidence-based commentary on Ghana's economy, public finances and fiscal policy.
President John Mahama has unveiled the Ghana National Research Fund to accelerate Ghana's development as a knowledge-driven, innovation-led economy, with an initial GH¢100 million seed fund for 2026 to support competitive research grants, doctoral and postdoctoral programmes, and strategic innovation initiatives aligned with national priorities.
The Finance Ministry has inaugurated a nine-member Governing Board for the Internal Audit Agency to strengthen public financial management and reduce audit infractions in the public sector. The board will oversee reforms including a review of the Internal Audit Agency Act, 2003, and implement measures to enhance compliance, risk management, and value-for-money auditing.
Ghana's government left GH₵24 billion of its first-quarter 2026 budget unspent, spending GH₵65.97 billion of GH₵89.97 billion approved (73.3%), while total revenue and grants reached GH₵57.5 billion against a GH₵60.3 billion target. Capital expenditure suffered the largest cuts, with government spending GH₵7.3 billion of GH₵12.6 billion programmed, particularly in foreign-financed projects where only GH₵0.6 billion of GH₵5.3 billion was spent.
The Finance Ministry reports that revenue from Ghana's consolidated Energy Sector Shortfall and Debt Repayment Levy totalled GH¢8.66 billion in 2025, falling short of GH¢22.67 billion in total energy sector obligations and requiring GH¢12.9 billion in government support despite an increase in the levy from 95 pesewas to GH¢1.95 per litre in June.
Customers of collapsed financial institutions have threatened intensified protests if the government does not allocate compensation for their locked-up funds in the July mid-year budget review. Finance Minister Cassiel Ato Forson said government lacks financial resources to settle the claims, prompting the Convener of the Aggrieved Customers of Gold Coast Fund Management to warn that affected customers will increase pressure through demonstrations and other lawful actions if their concerns continue to be ignored.
Ghana's government is preparing to scale renewable energy beyond pilot projects from 2027, focusing on utility-scale solar, wind, battery storage, mini-grids and electric mobility to reduce reliance on thermal generation. The transition comes as the power sector grapples with mounting debt, transmission bottlenecks and grid stability concerns.
Effia MP Isaac Boamah-Nyarko has accused the government of failing to adequately fund ministries and state agencies, stating that several public institutions are unable to operate effectively due to delayed or unreleased funds and slow approval processes at the Finance Ministry.
Sports Minister Kofi Iddie Adams rejected claims that Finance Ministry delays in fund release caused organisational problems during the African Athletics Championship, saying the ministry had sufficient resources for critical expenses. He also disputed allegations of poor athlete welfare and defective equipment, suggesting the claims lacked evidence.
Economic advisor Seth Terkper says the government remains committed to maintaining fiscal discipline to help fast-track the Bank of Ghana's recovery and ensure it can perform its functions as lender of last resort. The Bank of Ghana posted an operating loss of GH¢15.6 billion for 2025, up from GH¢9.4 billion in 2024, with negative equity rising from GH¢58.62 billion to GH¢93.82 billion.
The government is moving to secure funding to revive the Kumasi Central Market Phase II and Takoradi Market Circle redevelopment projects, which were halted in 2024 due to financial constraints. The Takoradi project was 81.62 per cent complete and Kumasi's Kejetia Phase II was 58.22 per cent complete at the time of suspension.