Parliament has sanctioned government expenditure of GH₵357 billion for the 2026 financial year, following the passage of the Appropriation Number Two Bill, 2025.
This approval authorizes the government to draw funds from the Consolidated Fund and other public accounts to implement its spending plans beginning January 1, 2026.
A major share of the budget—GH₵90.7 billion—has been allocated to employee compensation, with GH₵81 billion specifically earmarked for public sector wages and salaries. An additional GH₵29.8 billion has been set aside to clear outstanding arrears.
The bill’s passage guarantees the continuation of government programmes and services as outlined in the 2026 budget statement.
Sliding-Scale Mining Royalties Introduced
In a related development, government has presented to Parliament the Minerals and Mining Royalty Regulations, 2025, a new Legislative Instrument (L.I.) that seeks to introduce variable royalty bands for gold, lithium, and other mineral resources.
The regulations propose a sliding-scale royalty system, under which rates will automatically adjust in response to global commodity price movements.
Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, explained that the framework is designed to maximize state revenue during periods of high prices while easing investor obligations when prices decline.
“Today, I’m proud to say that I have brought a regulation that gives us a sliding scale agreement. The advantage is that it allows the state to capture the benefit in good times, like in the gold sector, and I have to tell you we’ve done it across the mineral sector,” Mr Buah said.
Leave a Reply