2027 Budget to highlight inflation drop, economic progress – Agalga

Parliament's Majority Leader, James Agalga, has announced that the 2027 Budget will allow the National Democratic Congress (NDC) government to highlight its economic achievements during its initial two years in office. During a press briefing ahead of Parliament's resumption on November 3, 2026, Agalga emphasized the government's focus on improving key economic indicators, such as inflation and food prices.

He highlighted the significant drop in inflation from 53% to a single digit of 5.3% as a major accomplishment. The government will also use the budget debate to address the reduction in food inflation, a critical issue that has never been tackled before. Mr Agalga pointed to the International Monetary Fund's (IMF) assessment of Ghana's economic management, noting that the IMF has praised the government's progress in this regard.

He contrasted the current administration's record with the previous New Patriotic Party (NPP) government, which he accused of mismanaging the economy and causing economic difficulties that left a lasting impact on the public. The 2027 Budget is scheduled to be presented by the Finance Minister on November 12, 2026. Parliament will then debate the financial statement and consider the Appropriation Bill before recessing for the Christmas break. Agalga described the budget debate as a crucial item on the House's agenda for the upcoming weeks.