The Ministry of Finance has officially commenced public hearings this week to inform the development of Ghana’s 2026–2029 Budget and Economic Policy, with a strong emphasis on employment and private sector growth.
The hearings, which invite contributions from business associations, financial institutions, civil society organisations, and the general public, are part of the government’s broader effort to shape a responsive and inclusive medium-term economic strategy.
Scheduled for presentation to Parliament on November 15, the 2026 budget is expected to place job creation at the heart of its fiscal agenda.
The Ministry has indicated that previous public submissions have played a significant role in shaping national budgets, and it hopes this year’s consultations will further refine its priorities.
Government sources suggest the renewed focus on employment aligns with recent recommendations from the World Bank, which emphasised the need for sustained job opportunities to support Ghana’s economic recovery.
Among early respondents, the Ghana Union of Traders Association (GUTA) has called for reductions in commercial lending and tax rates to ease the cost of doing business.
GUTA’s Public Relations Officer, Joseph Paddy, noted that despite declines in inflation and the Bank of Ghana’s policy rate, interest rates remain prohibitively high for many traders.
The hearings are expected to continue throughout the month, with sector-specific sessions aimed at gathering targeted feedback to inform the final budget draft.
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