The Parliament of Ghana has officially authorized a total government expenditure of GH₵357 billion for the 2026 fiscal year through the successful passage of the Appropriation Number Two Bill, 2025.
This legislative approval empowers the government to draw from the Consolidated Fund and other public accounts starting January 1, 2026, ensuring the continuity of essential public services and operations. A significant portion of this budget, totaling GH₵90.7 billion, is dedicated to compensation for employees, with GH₵81 billion specifically designated for public sector wages and salaries.
Furthermore, the government has allocated GH₵29.8 billion to settle outstanding arrears, a move aimed at maintaining fiscal stability and fulfilling prior financial obligations.
Alongside these budgetary provisions, a new regulatory framework for the extractive sector has been presented to Parliament. The Minerals and Mining Royalty Regulations, 2025, introduce a progressive sliding-scale royalty system for key mineral resources such as gold and lithium.
Under this proposed Legislative Instrument, royalty rates will automatically adjust based on fluctuations in international commodity prices. This responsive mechanism is designed to optimize national revenue during periods of high market value while offering financial flexibility and relief to investors when prices decline.
According to the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, this reform represents a strategic shift toward a more fair and competitive revenue-sharing model that balances state interests with the long-term sustainability of the mining industry.