Finance Minister Dr Cassiel Ato Forson has announced that the government will not present any supplementary budget estimates to Parliament for the rest of the 2026 financial year.

Speaking during the presentation of the 2026 Mid-Year Budget Review on Thursday, July 23, Dr Forson said the spending allocations approved for the year remain unchanged despite the government’s ongoing financial obligations.

“Mr Speaker, today I am not here to seek supplementary estimates. The 2026 appropriations remain unchanged,” he told lawmakers.

The Finance Minister explained that rather than requesting additional funds, government will adjust and prioritise existing expenditure lines to meet its commitments within the approved budget framework.

He said the approach will involve a careful review and reallocation of resources to ensure that key programmes and obligations are adequately funded without exceeding the authorised appropriation.

Dr Forson also highlighted what he described as positive economic developments recorded in the first half of 2026, saying the government is on course to achieve its major fiscal and macroeconomic objectives.

He outlined key targets, including overall GDP growth of at least 4.8 per cent, non-oil real GDP growth of 4.9 per cent or higher, end-year inflation of 8 per cent plus or minus 2 per cent, a primary surplus of 1.5 per cent of GDP on a commitment basis, and foreign reserves sufficient to cover at least three months of imports.

According to the Finance Minister, the progress achieved so far is linked to policy reforms introduced by the Mahama administration after taking office.

He claimed that the government inherited an economy weakened by excessive borrowing, high spending and poor accountability.

“President Mahama took over an economy with reckless spending, excessive borrowing, and lack of accountability. President Mahama took over an economy that was on its knees,” he said.

Dr Forson also criticised the previous administration’s economic management, particularly pointing to the sharp depreciation of the cedi during that period.

The announcement comes after the Minority in Parliament had indicated that it would oppose any attempt by government to seek additional budgetary approval.

First Deputy Minority Whip and Tolon MP Habib Iddrisu had earlier argued that government should focus on accounting for its campaign promises, settling outstanding debts owed to contractors and providing updates on major policy initiatives rather than requesting more funds.

He maintained that Parliament had already approved adequate resources for the government and would not support any fresh financial request.

Dr Forson’s decision not to seek supplementary estimates is expected to ease concerns about a possible disagreement in Parliament while reinforcing government’s commitment to maintaining fiscal discipline.