2026 Budget great but not transformational, vigilance needed – Senyo Hosi

Policy Analyst Senyo Hosi has described the 2026 Budget as “great but not transformational,” cautioning that Ghana’s true challenge lies in sustaining the gains outlined in the document.

Speaking at Deloitte’s 2026 post-budget discussion, Hosi — who also serves as Convener of the One Ghana Movement — commended the Ministry of Finance for what he called deliberate and commendable strides.

However, he warned that such progress could easily be reversed without consistent and vigilant follow-through.

“The people at the Ministry of Finance today have done a great job, and they deserve a round of applause. But having said that, we have seen people do it before, and tomorrow morning, we wake up, and then we are in total chaos.

“So the real question is in whether we can actually sustain this or not. And that’s why we must all remain vigilant,” Hosi said.

He stressed the need to acknowledge Ghana’s progress while remaining mindful of the work ahead.

“I think we should admit to where we are coming from and we should appreciate the progress that has been deliberately made now to the budget that we see for 2026.

“First we discussed it at the top level and discuss it, and I do agree that it’s a great budget, but it’s not a transformational budget,” he noted, adding that although the framework is strong, deeper structural reforms are still required.

Hosi also highlighted the capital expenditure component as a key engine for growth, describing it as “fantastic” and demonstrating “brilliance.”

“Especially when you look at the plan on the capital expenditure which is supposedly driving growth. I think it’s fantastic,” he said, emphasizing that the real test will be in careful and disciplined implementation.

He concluded by urging both government and private-sector actors to recognize the progress made while remaining vigilant as the nation moves from planning to execution.