Parliament has approved government expenditure of GH₵357 billion for the 2026 fiscal year following the passage of the Appropriation Number Two Bill, 2025.
The approval authorises the government to withdraw funds from the Consolidated Fund and other public accounts to finance its expenditure programme from January 1, 2026.
Of the total allocation, GH₵90.7 billion has been earmarked for employee compensation, including GH₵81 billion for public sector wages and salaries. A further GH₵29.8 billion has been set aside to clear outstanding government arrears.
The passage of the bill is expected to ensure the smooth continuation of government operations and the delivery of public services as outlined in the 2026 Budget Statement.
Meanwhile, the government has laid before Parliament the Minerals and Mining Royalty Regulations, 2025, a proposed Legislative Instrument aimed at introducing variable royalty bands for gold, lithium and other mineral resources.
The regulations propose a sliding-scale royalty regime under which royalty rates will automatically adjust in response to movements in global commodity prices.
According to the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, the framework is intended to maximise state revenue during periods of high commodity prices while offering flexibility and relief to investors when prices decline.
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