Business
FULL TEXT: 2026 Budget Statement and Economic Policy
Finance Minister Ato Forson unveils 2026 Budget with COVID-19 Levy abolition and major VAT reforms to boost households and businesses.
- COVID-19 Health Recovery Levy abolished, providing immediate relief to households and businesses
- Comprehensive VAT reforms introduced to reduce costs and stimulate economic growth
- 2026 Budget aims to support jobs, boost disposable income, and strengthen the private sector
The Minister of Finance, Dr. Cassiel Ato Forson, presented the 2026 Budget Statement and Economic Policy to Parliament on Thursday, November 13.
The budget delivers a significant and immediate boost to both households and the private sector, highlighted by a comprehensive overhaul of the nation’s Value Added Tax (VAT) system.
The most anticipated and widely welcomed measure is the abolition of the COVID-19 Health Recovery Levy, a pandemic-era tax that has long weighed on consumers and businesses.
Read the full statement for details on the VAT reforms, economic priorities, and measures aimed at supporting growth and job creation.
