The Government of Ghana has set a higher revenue and grants goal of GH¢268.1 billion for 2026. This is an 18.3 percent increase—or over GH¢41 billion more—than the expected 2025 revenue of GH¢226.5 billion.
Revenue Goals and Strategy
Finance Minister Dr. Cassiel Ato Forson presented the 2026 Budget, stating that the new target shows the government’s plan to stabilize the economy under the “Reset Agenda.” The overall revenue target of GH¢268.1 billion is supported by new tax policies (excluding oil) expected to contribute at least 0.6 percent of GDP.
The primary source of government income will still be Non-Oil Tax Revenue, projected at GH¢216.1 billion. This figure accounts for about 80.6 percent of total revenue and reflects an 18.8 percent annual growth. Non-Tax Revenue (fees, levies, etc.) is estimated at GH¢20.9 billion. Out of this, GH¢18.2 billion will be kept by government agencies (MDAs) for their operations, while GH¢2.8 billion will go into the main government fund. Furthermore, a policy to cap how much agencies can keep will add another GH¢329.6 million. Oil Revenue is expected to add GH¢13.6 billion, based on steady oil prices around US$70 per barrel. Grants from foreign partners will make up the rest.
How Revenue Will Grow
The government expects to meet these targets by making key changes: better collecting the Value Added Tax (VAT), improving Customs Administration, and starting a digital system to check compliance in major business areas.
Dr. Forson stressed that the 2026 tax plan will focus on being fair and simple, aiming to support businesses while freeing up money for social projects and infrastructure.
Policy changes include: getting rid of VAT on mineral exploration to encourage investment, and extending the zero-rated VAT on local textiles until 2028 to protect jobs.
