The Ministry of Transport has presented a comprehensive overview of its 2025 budget report and 2026 expenditure projections to the Parliamentary Committee on Roads and Transport, outlining key funding plans, project updates and critical challenges facing the sector.
The Ministry emphasised ongoing constraints, including unfunded but critical transport projects and delayed salary payments at the Ghana Railway Company Limited (GRCL).
Officials from the Ministry described the presentation as a transparent update on current sector performance and medium-term priorities.
According to the Ministry, several major transport and railway projects remain unfunded or partially funded, posing risks to timelines and service delivery. Additionally, persistent salary arrears at GRCL continue to affect operations and worker morale.
Committee Chair Mensah Adjei commended the Ministry for what he described as a detailed and honest report that helps us better understand the sector’s real needs.
“We encourage the Ministry to engage this Committee more frequently so we can collectively support the sector and its leadership. Financial discipline and strategic investment are key to developing our transport and railway systems,” he said.
Meanwhile, Finance Minister Dr Cassiel Ato Forson has reaffirmed that Ghana’s economy is showing strong signs of recovery, stressing the need to maintain momentum.
Speaking on TV3’s Key Points on November 15, Dr Forson said: “The prescription has worked, and today we are seeing the benefits. Confidence is back—you need confidence to run a good economy. The storm has passed, and the economy has regained its rhythm. We need to consolidate these gains and cement them for growth going forward.”
He noted that while stabilisation has been achieved, the government must now focus on targeted reforms to sustain growth and protect the vulnerable.
Presenting the 2026 Budget Statement and Economic Policy, Dr Forson outlined eight fiscal policy priorities required to deliver the government’s macroeconomic vision, in line with Section 14 of the Public Financial Management Act, 2016 (Act 921).
The key objectives include:
- Maintaining fiscal discipline with a primary surplus of at least 1.5% of GDP;
- Increasing domestic revenue through the Medium-Term Revenue Strategy and digital tax systems;
- Cutting waste and ensuring value for money across government spending;
- Protecting social spending in education, health, and social protection;
- Creating fiscal space for development through priority investments in roads, agriculture, agribusiness and land reforms;
- Strengthening debt sustainability through prudent borrowing and active management;
- Enhancing expenditure control and audits to prevent arrears and improve accountability;
- Remaining flexible and proactive with expenditure adjustments as needed.
- Dr Forson described the 2026 budget as “Resetting for Growth, Jobs and Economic Transformation.”
The Ministry of Transport’s presentation and the Finance Minister’s fiscal roadmap both underscore the government’s push to stabilise the economy, modernise infrastructure and restore confidence across key sectors, including transport and railways.
