Ghana risks underdevelopmentas infrastructure spending falls short, ISSER warns
The Institute of Statistical, Social and Economic Research (ISSER) has cautioned that Ghana risks undermining its long-term development goals if infrastructure spending continues to fall short of target due to tight expenditure controls.
The Institute of Statistical, Social and Economic Research (ISSER) has warned that Ghana risks underdevelopment if infrastructure spending continues to fall short of targets due to tight expenditure controls. Despite the economy making strides in achieving macroeconomic stability, ISSER's review of the 2026 Mid-Year Budget Statement and Economic Policy found that capital expenditure was nearly 40 per cent below its programmed level in the first half of 2026.
This shortfall, largely attributed to tight expenditure controls and delays in implementing projects under the government's "Big Push" infrastructure programme, has hindered the anticipated economic impact from infrastructure investments. Prof. Robert Darko Osei, Director of ISSER, emphasized that capital expenditures are critical for growth, sustainability, and achieving development targets.
He cautioned that prolonged expenditure restraint could weaken investments needed to transform the economy and expand its productive capacity. ISSER urged policymakers to ensure that fiscal consolidation efforts did not compromise Ghana's long-term development and economic transformation agenda.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
