Ghana’s Parliament has approved a total budget of GHS357,105,639,080 for the 2026 financial year, paving the way for the government to fund its operations and development programmes from January 1 to December 31, 2026.

The approval followed the passage of the Appropriation (No. 2) Act, 2025, which has since received presidential assent.

Under the Act, the approved funds will be drawn from the Consolidated Fund and other public funds and allocated to Ministries, Departments and Agencies (MDAs) as outlined in the First Schedule of the legislation.

The allocations are intended to support the delivery of essential public services and the implementation of key development initiatives nationwide.

The Act further authorises selected government institutions to retain and utilise a total of GHS18,180,717,613 from their internally generated funds (IGF) during the year.

This provision is aimed at improving operational efficiency and strengthening resource management across the public sector.

In line with the legislation, the Controller and Accountant-General is mandated to release funds upon warrants issued by the Minister responsible for Finance, a mechanism designed to ensure accountability, transparency and the timely disbursement of public funds.

The passage of the 2026 budget highlights the government’s commitment to prudent fiscal management and effective resource allocation as it positions the economy for growth and development in the year ahead.