The Ministry of Finance will this week begin public hearings towards the preparation of Ghana’s 2026–2029 Budget and Economic Policy.

The process seeks input from business associations, financial institutions, civil society groups, and the wider public to shape the government’s medium-term economic plan.

The 2026 budget, expected to be presented to Parliament on November 15, 2025, will focus heavily on job creation and private sector-led growth.

According to the Ministry, past submissions have significantly influenced national budgets.

Government has hinted that the priority aligns with recent World Bank recommendations, stressing that sustained employment opportunities are critical to Ghana’s economic recovery.

It has also announced that the 2026 budget will put job creation at the centre of its fiscal agenda.

Already, the Ghana Union of Traders Association (GUTA) says it will push for a further reduction in commercial lending rates and tax rates to ease the cost of doing business.

GUTA believes additional cuts in lending rates are crucial. Public Relations Officer Joseph Paddy noted that while inflation and the policy rate have dropped, interest rates remain high.