The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has called on Finance Minister Dr Ato Forson to present a 2026 Budget that consolidates Ghana’s economic recovery and maintains recent progress.
Speaking on JoyNews’ PM Express on Tuesday, November 12, Dr Obeng said traders expect the upcoming budget to reinforce the stability achieved in key sectors of the economy. He praised government efforts that have so far improved inflation, exchange rate performance, and cedi stability.
“The Finance Minister is going to read another budget, one that he has committed himself to in the past, and that has started working in our favour,” he said. “All that we need the Finance Minister to do this time round is to adopt measures that will sustain these gains and even further enhance them.”
Dr Obeng observed that recent economic indicators have turned positive, offering renewed hope to the business community. “Inflation has come down, the exchange rate has also come down, and the stability of the cedi looks right,” he stated.
However, he cautioned that high interest rates continue to affect businesses and urged the government to take steps to align them with the lower inflation rate. “Interest rates must be commensurate with inflation,” he added.
The GUTA president emphasised that the 2026 Budget must focus on policies that transform these macroeconomic improvements into practical relief for businesses, particularly small and medium-scale enterprises. He said sustaining the momentum will promote confidence, encourage investment, and create more jobs for Ghanaians.
Dr Obeng concluded by stressing that consistency in the government’s economic policies will be key to sustaining growth and protecting Ghana’s recovery in the years ahead.
