Professional services firm, KPMG, is advising the government to consider building more economic buffers as the country exits the International Monetary Fund’s Economic Credit Facility programme.
According to the firm, this is crucial as the country will be required to make some commitments towards domestic financing.
The Country Managing Partner of KPMG Ghana, Andy Akoto, advised during a post-budget forum in response to the 2026 Budget statement.
The 2026 Budget is described as a bold policy initiative that will transform the country’s economy to stability.
Andy Akoto believes that there is the need to rely on domestic resources.
“Even as the government moves to stimulate growth, is very important that we also build buffers towards the subsequent exit of the IMF programme because it will come with several outcomes, including servicing some debt obligations and all that. But overall, we are expectant and hoping that the government will put in place the necessary safety measures to ensure that the laudable initiatives are achieved,” he said.
The KPMG/UNDP post budget forum seeks to give a platform for stakeholders to digest some key policies in the 2026 Budget as well as suggesting some initiatives to government towards its implementation.
Speaking at the same event, Acting Commissioner General of the Ghana Revenue Authority, Anthony Sarpong assured that the new tax reforms will support business growth as it hopes to widen the tax net towards the informal sector.