🇬🇭GhanaWest Africa
NPP Minority questions government's economic performance ahead of 2026 Mid-Year Budget Review
via GhanaWeb3 min read
The New Patriotic Party NPP Minority in Parliament has expressed concerns regarding Ghana’s economic state prior to the government’s 2026 Mid-Year Budget Review. Kojo Oppong Nkrumah, Chairman of the NPP’s Finance and Economy Policy Committee and Member of Parliament for Ofoase Ayirebi, stated that reported economic gains are primarily due to reduced spending rather than genuine improvement, basing this assessment on the government’s own economic data. He highlighted that while a primary fiscal surplus of 2.6 percent of GDP is expected, it was achieved by cutting expenditure, not by increasing revenue. Revenue reportedly fell short of the revised target by approximately 4.7 percent, with significant reductions in spending delaying important development projects. Capital expenditure was about 41 percent below target in the first quarter of 2026, and spending on roads, schools, hospitals, foreign-financed projects, goods and services, and grants to health, education, and district sectors also fell below budgeted levels. Oppong Nkrumah argued that reducing expenditure to create a fiscal surplus merely postpones necessary projects. He also questioned the Finance Ministry’s figures on government arrears, citing inconsistencies, and called for a clear explanation of the current stock and calculation methodology during the Mid-Year Budget Review. Concerns were also raised about declining oil revenue, which sharply decreased from GH¢19.8 billion in 2024 to GH¢8.7 billion in 2025, and
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This summary was AI-generated from a story originally published by GhanaWeb.
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