The Finance Minister, Dr Cassiel Ato Forson has projected a total revenue of GHC268.1 for the financial year 2026.
According to him, this represents a significant increase from the 2025 figure of GHC226.5.
“Mr. Speaker, Total Revenue and Grants for 2026 is projected at GH¢268.1 billion, up from GH¢226.5 billion in 2025. This represents a strong revenue performance supported by new non-oil tax policy measures expected to yield at least 0.6 percent of GDP,” he said in Parliament while presenting the 2026 budget statement and economic policy of the government on November 13.
“Non-Oil Tax Revenue, which accounts for about 80.6 percent of total revenue, is projected at GH¢216.1 billion, reflecting a robust 18.8 percent annual growth. non-Tax Revenue (non-oil) is estimated at GH¢20.9 billion, representing about 7.8 percent of domestic revenue,”he said.
Dr Forson explained that ” Of this amount, GH¢18.2 billion will be retained by MDAs to support operations, while GH¢2.8 billion will
be lodged into the Consolidated Fund. The IGF Capping Policy is expected to yield an additional GH¢329.6 million to the budget.”
He added that “Oil and Gas receipts are projected at GH¢13.6 billion, driven by improved efficiency across producing fields and steady global oil prices. Other Revenue, including SSNIT transfers to the National Health Insurance Levy and Energy Sector Levies (ESL), is expected to amount to GH¢14.4 billion.
The Finance Minister further projected that, “Grants from Development Partners are projected at GH¢3.1 billion, equivalent to 1.1 percent of total revenue and grants. The expected disbursements from grants are entirely project-related to support key development initiatives in line with government priorities.”
