Accra, Ghana — Deloitte and KPMG, two of the world’s leading audit and consulting firms, have expressed optimism about Ghana’s economic outlook following the government’s 2026 budget statement. According to Deloitte, Ghana’s economy has shown significant resilience in 2025, driven by macroeconomic reforms and the implementation of the IMF Extended Credit Facility (ECF) program, which has restored stability and rebuilt investor confidence.
However, both firms caution that the journey to robust economic transformation is ongoing. “Structural reforms and prudent fiscal management are still required to consolidate these early gains,” Deloitte noted. KPMG echoed this sentiment, emphasizing that success in 2026 hinges on execution, predicting the country’s GDP growth of 4.8% and inflation target of 8.0% are achievable if current trends continue, supported by a primary surplus of 1.5% of GDP.
KPMG highlighted that Ghana has laid a strong foundation with single-digit inflation, a stronger currency, and improved debt profile, but the challenge now is to translate these gains into sustainable productivity and job creation while maintaining social investments.
The 2026 budget, presented by Finance Minister Dr. Cassiel Ato Forson, projects a total expenditure of GH¢302.5 billion, with a fiscal deficit of 4.0% of GDP and a primary surplus of 1.5% of GDP. The government aims to boost revenue through tax reforms, including overhauling the Value Added Tax (VAT) system and improving compliance.