2027 Budget to highlight inflation drop, economic progress – Agalga
Majority Leader in Parliament, James Agalga, says the 2027 Budget will provide an opportunity for the National Democratic Congress (NDC) government to showcase what it considers its economic achievements during its first two years in office. He said the debate on the government's financial statement would highlight improvements in key economic indicators, including inflation and food prices.…
Parliament’s Majority Leader, James Agalga, announced that the 2027 Budget will give the National Democratic Congress (NDC) government a chance to showcase its economic progress since taking office in 2025. During a press briefing on November 3, 2026, just before Parliament reconvened, Mr Agalga highlighted the government’s accomplishments, particularly in reducing inflation and curbing food prices.
Mr Agalga explained that one of the main points of discussion in the budget debate would be the drop in inflation from an alarming 53% to a more manageable 5.3%. He emphasized that achieving a single-digit inflation rate was a significant feat, especially considering the unprecedented levels seen in recent years. The Finance Minister is scheduled to present the 2027 Budget on November 12, 2026, and Parliament will subsequently debate the financial statement and the Appropriation Bill before the Christmas recess.
Comparing the current administration’s economic performance to the previous New Patriotic Party (NPP) government’s mismanagement, Mr Agalga noted that even the International Monetary Fund (IMF) has praised the government’s handling of the economy. He contrasted the NDC’s achievements with the earlier administration’s economic turmoil, which left many Ghanaians struggling and facing severe financial consequences. The 2027 Budget debate is expected to be a central topic in Parliament’s upcoming weeks.
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