The Member of Parliament for Nhyiaeso and former Deputy Finance Minister, Dr Stephen Amoah, has said that the government's current efforts toward economic stability are possible because of the solid foundation laid by the New Patriotic Party (NPP) during its tenure in office.

Speaking to JoyNews ahead of the presentation of the 2026 Budget in Parliament on Thursday, November 13, 2025, Dr Amoah explained that the NPP government had established a robust foundation through fiscal discipline and structural reforms, which, in his view, the current administration continues to benefit from.

"The NPP government established a robust foundation through fiscal discipline and structural reforms, which is why the current administration continues to benefit from," he stated.

The economy is bigger than political parties – Stephen Amoah

Ghana's fiscal challenges stem from limited domestic revenue compared to expenditure.

He argued that while calls for tax reductions are understandable, they must be balanced with sustainable fiscal measures to avoid worsening the country's debt position.

"The amount of money we generate domestically is always far less than the amount that we expend. If you want to take away taxes, that's fine, but give us an assurance that the fiscal space we are working within, considering our debt issues, can still support the economy sustainably," he said.

Dr Amoah emphasised that revenue mobilisation must be strong enough to reduce Ghana's dependence on borrowing.

Our economy has 'ulcer' - NPP MP

"We need to ensure that the revenue we generate will be enough, not to put any burden on us, but to make Ghana economically independent," he added.

The 2026 Budget is anticipated to focus on revenue mobilisation, debt sustainability, and job creation as part of efforts to consolidate Ghana's economic recovery.

MRA/SEA

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