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Parliament has approved the Appropriation Number Two Bill, 2025, authorising the government to withdraw GHS357 billion from the Consolidated Fund and other public funds to finance state expenditure for the 2026 fiscal year.
The approval, which takes effect from January 1, 2026, paves the way for the implementation of the 2026 national budget. Out of the total allocation, GHS90.7 billion has been set aside for the compensation of employees, while GHS81 billion will be used to pay wages and salaries across the public sector.
In addition, the bill makes provision for GHS29.8 billion to settle outstanding arrears, as part of efforts to stabilise public finances and address obligations accumulated over previous years.
Meanwhile, the government has re-submitted the lithium mining agreement with Barari DV Ghana Limited to Parliament for consideration after earlier withdrawing it to allow for broader stakeholder consultations. The proposed agreement recommends a five percent royalty rate, a move that has generated public debate, with critics describing it as a reduction from the previous ten percent rate negotiated by the former administration.
Government officials, however, maintain that steps are being taken to comprehensively reform Ghana’s mining royalty framework to ensure long-term national benefit and sustainability in the extractive sector.
