{"id":381899,"date":"2025-11-16T01:06:21","date_gmt":"2025-11-16T01:06:21","guid":{"rendered":"https:\/\/www.europesays.com\/us\/381899\/"},"modified":"2025-11-16T01:06:21","modified_gmt":"2025-11-16T01:06:21","slug":"2026-budget-confirms-governments-honesty-in-tackling-economic-crisis","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/381899\/","title":{"rendered":"2026 Budget confirms government\u2019s honesty in tackling economic crisis"},"content":{"rendered":"

\"Abraham <\/a>Abraham Koomson is the Executive Secretary of the Ghana Federation of Labour<\/p>\n

The Secretary General of the Ghana Federation of Labour (GFL), Abraham Koomson, has praised the government\u2019s 2026 Budget Statement, describing it as a clear demonstration of sincerity and commitment to tackling Ghana\u2019s economic challenges.<\/p>\n

Speaking on Ahotor FM\u2019s \u2018Yepe Ahunu\u2019 show, Koomson said assurances given by the Minister of Finance during negotiations on the 2026 national minimum wage had been fully reflected in the budget, signalling genuine efforts to revive the economy.<\/p>\n

Organised Labour had initially demanded a 10 percent increase in the national minimum wage after protracted negotiations. <\/p>\n

However, the finance minister cautioned that such a move could undermine recent economic gains.<\/p>\n

After the stakeholder engagement, the Labour Unions agreed to a 9 percent adjustment for both the minimum wage and base pay, a compromise Koomson said was influenced by the government\u2019s demonstration of sincerity and readiness to take bold measures.<\/p>\n

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\u201cThe budget statement presented by the Finance Minister yesterday indeed confirmed the honesty of government in solving the economic crisis to bring relief to the people of this country by implementing policies to create jobs,\u201d he said.<\/p>\n

He assured that the labour union would remain vigilant in monitoring the performance of the economy to ensure that projected gains translate into real improvements in workers\u2019 livelihoods.<\/p>\n

\u201cOrganised Labour leadership has resolved to closely monitor the performance of the economy and its impact on the livelihood of workers. We would not hesitate to draw attention to any deviation that erodes the benefits envisaged under these reforms,\u201d he stated.<\/p>\n

The 2026 Budget Statement and Economic Policy, presented to Parliament on Thursday, November 13, 2025, by the Minister of Finance, Dr. Cassiel Ato Forson was themed \u201cResetting for Growth, Jobs, and Economic Transformation.\u201d <\/p>\n

Dr Forson emphasised that the budget marked a strategic transition from recovery to transformation, resilience to productivity, and stability to jobs.<\/p>\n

He outlined measures aimed at consolidating macroeconomic stability, accelerating job creation, and strengthening key social sectors.<\/p>\n

He further noted that the government had restored fiscal discipline, stabilised the cedi, reduced inflation, and rekindled investor confidence, describing the present moment as a national reset, a rebirth from past challenges.<\/p>\n

SA<\/p>\n

All you need to know about Ghana’s new vehicle number plates |BizTech:<\/b><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Abraham Koomson is the Executive Secretary of the Ghana Federation of Labour The Secretary General of the Ghana…\n","protected":false},"author":3,"featured_media":381900,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,67,132,68],"class_list":{"0":"post-381899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115556698842680901","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/381899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=381899"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/381899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/381900"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=381899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=381899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=381899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}