Finance Minister Ato Forson Urges Ghana to Tighten Public Spending Ahead of 2027 Budget
Dr Cassiel Ato Forson called for stricter discipline in collecting and spending public money during a nationwide engagement ahead of the 2027 Budget Statement.
In Brief
- •Dr Cassiel Ato Forson called for stricter discipline in collecting and spending public money during a nationwide engagement ahead of the 2027 Budget Statement.
- •He warned that waste, uncollected revenue and poor spending carry direct human costs, urging revenue recovery to become a working method.
- •The fiscal agenda includes a new Independent Fiscal Council and ten tax/revenue laws signed in August 2025, such as the Income Tax Amendment Act and the Customs Act.
- •Forson linked the New Economy agenda to job creation for young people, citing sessions at the University for Development Studies and the University of Ghana.
- •President John Dramani Mahama inaugurated the Independent Fiscal Council on 8 September 2025, emphasizing fiscal discipline as a moral obligation.
Why It Matters
Ghana’s fiscal discipline is central to sustaining economic recovery and ensuring public services such as medicine, infrastructure and education are adequately funded. By tightening revenue collection and curbing waste, the government aims to free resources for the New Economy’s job‑creation targets, thereby supporting private sector growth and reducing the need for external borrowing.
Key Details
- Fiscal Agenda Year
- 2027
- Independent Fiscal Council Inauguration Date
- 2025-09-08
- Number of Tax/Revenue Bills Signed
- 10
- Income Tax Amendment Presumptive Threshold
- GH¢750,000
- National Housing Fund Allocation
- GH¢1 billion
Original Reporting & Sources
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