2026 Budget must end Ghana’s cycle of crises – Bagbin

Speaker of Parliament Alban Sumana Kingsford Bagbin says the 2026 Budget must serve as a decisive instrument for ending Ghana’s persistent pattern of economic instability.

Addressing Members of Parliament during a Post-Budget Workshop, he described the document as a critical roadmap for shifting the country from external dependence to a resilient, self-sustaining economic model.

He emphasised that the moment demands clarity of purpose and firm political commitment, stressing that the budget must reflect disciplined management and a break from practices that have weakened the economy over decades.

Speaker Bagbin referenced a familiar continental argument that Africa’s development struggles stem not from a lack of resources but from leadership inefficiencies, adding that the budget remains the most visible expression of national management.

He urged MPs to approach the upcoming debate with seriousness, insisting that the policies outlined must be capable of reinforcing domestic productivity and shielding the economy from external shocks.

According to him, the data underlying Ghana’s recent economic experiences leaves no room for delayed action.

He encouraged lawmakers to scrutinise every aspect of the document to ensure that proposed measures genuinely support transformation, strengthen institutional integrity, and promote stability.

Speaker Bagbin noted that Parliament’s responsibility extends beyond approval of figures to safeguarding national interest through sound oversight and constructive engagement.

Alongside the Speaker’s call, the Minority stressed its intention to subject the budget to rigorous examination.

Deputy Minority Leader Patricia Appiagyei, delivering remarks on behalf of Caucus Leader Alexander Afenyo-Markin, said the Minority will cooperate on policies that advance national development but will demand accountability for every expenditure item the government seeks to push through.

She stated that oversight must be guided by constitutional duty, not partisanship, and stressed the need for discipline, transparency, and innovation in public financial management.

Madam Appiagyei added that while there are signs of stabilisation, economic pressure remains visible in high living costs, unemployment, and limited access to credit. She said these challenges require bold thinking and honest evaluation of the government’s proposals.

The three-day workshop brings together MPs, technocrats, and policy experts to analyse the figures, priorities, and assumptions underpinning the 2026 Budget presented by Finance Minister Dr Cassiel Ato Forson.

It is intended to prepare lawmakers for next week’s debate by deepening their understanding of the economic choices before the country.