Finance Minister Dr. Cassiel Ato Forson has projected that Ghana’s inflation rate will drop to 8 percent by the end of 2026, maintaining stability within the government’s target band of 8±2 percent.
Reading the 2026 Budget Statement in Parliament on Thursday, November 13, Dr. Forson said the government’s economic outlook reflects “a firm grip on price stability” and a strong path toward recovery.
“Inflation will stay within the 8±2 percent target band, reflecting a firm grip on price stability,” he stated.
He said the government expects real GDP growth of at least 4.8 percent, driven by expansion in infrastructure, services, and agriculture.
“For the 2026 fiscal year, we aim to achieve overall real GDP growth of at least 4.8 percent and non-oil GDP growth of 4.9 percent,” the Minister announced.
Dr. Forson added that fiscal consolidation will remain a top priority, with a primary surplus of 1.5 percent of GDP and international reserves to cover at least three months of imports to safeguard the cedi.
“The fiscal balance will remain strong, with a primary surplus of 1.5 percent of GDP from 2026 onward,” he said.
The Finance Minister assured that these measures form part of government’s broader agenda to “reset for growth, jobs, and economic transformation.”
