2027 Budget: Commitment Authorisation regime has brought a lot of sanity - Theo Acheampong
He noted that when the Mahama administration took over governance in 2025, there were a lot of issues in the fiscal space that created problems.
Dr Theo Acheampong, a technical advisor at the Ministry of Finance, believes that the commitment authorisation regime implemented by Finance Minister Dr Cassiel Ato Forson has introduced much-needed sanity into the fiscal system. The regime, which requires sector ministers to seek authorisation to spend even after a ministry's budget has been approved, was introduced after careful consideration following the fiscal issues that arose when the Mahama administration took over governance in 2025.
Dr Acheampong emphasized that the introduction of this regime is crucial to prevent the repetition of past mistakes, such as painful haircuts and hardships imposed on the people. During the budget presentation, Dr Forson stated that the government would measure economic growth by the number of jobs created and the income generated.
He assured Ghanaians that the government would maintain fiscal discipline to protect economic recovery and stability, while also ensuring that government support to the private sector remains transparent. Dr Forson highlighted Ghana's significant progress and emergence from its worst economic crisis, stating that stability has returned, confidence is back, and Ghanaians can now breathe again.
The Minister of Government Communications, Felix Kwakye Ofosu, mentioned that the New Economy announced in the 2027 budget statement will focus on providing jobs for the youth and transforming the economy over the next four years.
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