PARLIAMENT APPROVES MASSIVE GH¢357.1 BILLION BUDGET FOR 2026

December 23, 2025
1 day ago

Ghana's Parliament has just passed a huge budget bill worth GH¢357.1 billion for the year 2026. This is the money the government plans to spend on everything from schools to roads. The vote happened after long talks and debates. Lawmakers from different parties agreed on most parts, but some argued about how the money should be split.


The budget is bigger than last year's. It aims to help the country grow stronger after tough times like the pandemic and high prices. President Nana Akufo-Addo said this plan will create jobs and build better infrastructure. "This budget is about hope for all Ghanaians," he told reporters after the vote.

Breaking it down, a big chunk, about GH¢120 billion, goes to education. That means more teachers, new schools, and free meals for kids. Health gets GH¢80 billion, for hospitals, medicines, and fighting diseases like malaria. Roads and transport take GH¢70 billion, to fix potholes and build new highways. The rest covers things like defense, farming, and helping poor people.


Opposition leader John Mahama praised the focus on education but worried about borrowing. "We need to spend wisely, not just borrow more," he said. Experts agree. An economist from the University of Ghana said the budget looks good but warned about inflation. "If prices keep rising, this money might not go as far," she explained.

This bill now goes to the president for his signature. Once signed, it becomes law, and spending can start. People are excited but also cautious. A teacher in Accra said, "More money for schools is great, but I hope it reaches us on time." A farmer in the north added, "Farming needs help too,good roads mean better markets."


Overall, this budget shows Ghana is investing in its future. With oil, gold, and cocoa bringing in money, the government hopes to pay back loans and grow the economy. But challenges remain, like corruption and weather changes. Parliament's approval is a big step, but everyone knows the real test is in how it's used.

In the end, this GH¢357.1 billion could change lives if managed right. Ghanaians are watching closely.