Ghana’s 2026 Budget must balance tax cuts with fiscal discipline, says ex-Deputy Finance Minister
Dr Stephen Amoah, the Member of Parliament for Nhyiaeso and former Deputy Finance Minister, has weighed in on the upcoming 2026 Budget. He argues for a balance between tax reductions and sustainable fiscal measures to prevent exacerbating Ghana's debt position.
Dr Amoah, who served under the New Patriotic Party (NPP) government, believes the current administration's economic stability efforts are built on the solid foundation laid by the NPP through fiscal discipline and structural reforms.
He highlights the need for strong revenue mobilisation, stating that Ghana's fiscal challenges arise from limited domestic revenue compared to expenditure. Dr Amoah stresses that reducing the country's dependence on borrowing requires robust revenue generation.
The 2026 Budget is expected to focus on revenue mobilisation, debt sustainability, and job creation. Dr Stephen Amoah's insights, drawn from his experience as a former Deputy Finance Minister, underscore the importance of balancing tax reductions with sustainable fiscal measures to address Ghana's fiscal challenges.
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