2027 Budget is built on strong foundations – IMF

The International Monetary Fund (IMF) has described the 2027 Budget as being built on strong foundations.

According to the IMF Mission team that reviewed Ghana’s first Policy Coordinating Instrument (PCI) programme, the budget targets a primary surplus of 0.5% of Gross Domestic Product (GDP) on a commitment basis, supported by revenue measures already approved by the Parliament in July 2026, which is consistent with the PCI.

It pointed out that the fiscal space created will be used for investment, focused on the priorities under the New Economy.

This includes creating job and investment opportunities and closing the infrastructure gap.

“Rigorous project appraisal, competitive procurement, and strict expenditure controls will be critical to ensure value for money and preserve debt sustainability”, it advised.

Building on strong 2026 collections, the Fund said non-oil revenue is projected to further increase in 2027, supported by the tax measures announced in July 2026, the review of customs and excise legislation, and gains from revenue administration reforms, including the Integrated Tax Administration System and electronic fiscal devices.

The IMF staff team led by Ruben Atoyan visited Accra from October 22 to November 4, 2026, for discussions on the first review of Ghana’s 36-month programme supported by the Policy Coordination Instrument.

It assured that the Fund remains a committed partner in Ghana’s efforts to preserve stability and achieve stronger, more inclusive, and job-rich growth.

The 2027 Budget is expected to be read in Parliament this month.