The Government of Ghana has disbursed over GH¢65 billion in the first six months of 2026 to cover public sector compensation, honor debt obligations, and fund critical social and infrastructure projects. Among the primary expenditures are GH¢48.8 billion allocated for public sector worker compensation, GH¢10 billion paid to domestic bondholders, and $700 million deployed for Eurobond debt servicing.
Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026, the Minister for Finance, Dr. Cassiel Ato Forson, outlined the government’s spending performance. Dr. Ato Forson stressed that presenting these figures was part of the administration’s commitment to transparency, accountability, and the disciplined execution of approved budget line items.
A significant portion of state expenditure went toward public sector compensation, where GH¢48.8 billion was paid out to employees. This total includes key statutory allocations, notably GH¢4 billion in contributions to Tier-1 social security and GH¢2 billion directed toward Tier-2 pension schemes.
Addressing debt servicing and financial sector stability, Ato Forson revealed that GH¢2.5 billion was spent on domestic interest payments, alongside $700 million allocated to cover Eurobond principal and interest obligations. To bolster domestic market confidence following recent economic restructuring, the government also released GH¢10 billion to domestic bondholders.
On local governance and social protection, the Finance Minister reported that GH¢4.4 billion was released to the District Assemblies Common Fund (DACF) to cover the first two quarters of the year, accelerating fiscal decentralization. Additionally, GH¢4.5 billion was injected into the National Health Insurance Scheme (NHIS) to ensure uninterrupted healthcare delivery across the country.
Further detailed breakdowns presented to the House highlighted extensive releases for human capital and infrastructure development, totaling over GH¢10.7 billion. Education received substantial backing, with GH¢4.2 billion disbursed to the Ghana Education Trust Fund (GETFund) and GH¢1.8 billion allocated to support the Free Senior High School program.
To address national infrastructure and youth employment, the government disbursed GH¢1.7 billion to the Road Maintenance Trust Fund and GH¢459 million to the Youth Employment Agency (YEA). Meanwhile, the energy sector received targeted support through a GH¢961 million release to the Ghana National Petroleum Corporation (GNPC) to sustain critical operations
Eugenia Ewoenam Osei
