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‘Government can’t run 2026 budget like this, it must reflect its promises’ – Prof Bokpin warns

Economist Prof. Godfred Bokpin has warned that government cannot continue on its current fiscal path into 2026.

He says the government must begin to align its budget with the promises it made to Ghanaians.

“From 2026, 2027, government will have to operate its own budget, reflecting largely the promises it made to the electorate,” Dr. Bokpin said on JoyNews’ PM Express on Monday, May 12.

He noted that much of what is happening this year is not enough. “We are not doing much this year,” he said.

“Getting the cedi stabilised and all of that, it’s good news to some extent, but I am not in favour of major disruptions in the market.”

He said Ghana should be building long-term confidence.

“I would prefer that we accumulate the reserves that allow confidence to be sustained for a much longer period, even beyond five or 10 years.”

For him, the 2026 budget makes it clear. “It shows that we cannot continue on the path of expenditure-based fiscal consolidation to sustain the cedi.”

He stressed that stabilising the currency should not come at the expense of real economic transformation.

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