The Institute of Statistical, Social and Economic Research (ISSER) has expressed concern over the slow progress of the government's 'Big Push' infrastructure programme. The construction sector grew by only 1.3% in the first quarter of 2026, despite the ambitious goals of the initiative.
This subdued growth suggests that many flagship infrastructure projects are still in their early stages. They have not yet translated into measurable economic activity. The 'Big Push' aims to transform Ghana's economy through significant infrastructure development.
This situation fits into Ghana's broader economic narrative of balancing fiscal discipline with growth imperatives. The government has focused on fiscal consolidation to restore macroeconomic stability. This has involved significant reductions in capital expenditure, impacting project implementation.
Professor Robert Darko Osei, Director of ISSER, presented these findings during the Institute's review of the 2026 Mid-Year Budget. He stated, "Construction grew by only 1.3% in 2026 Q1 despite the Government's Big Push Infrastructure Programme." He added that this indicates projects are likely in preparatory or early implementation phases.
The implications are significant for Ghana's economic outlook. The government must find a balance between maintaining fiscal restraint and accelerating infrastructure investment. Increased investment is crucial for supporting economic growth, creating jobs, and improving productivity across various sectors.
ISSER also attributed the weak performance to the government's continued fiscal restraint. Sharp reductions in capital expenditure have constrained infrastructure spending. Capital expenditure in the first half of 2026 was 41% below target, raising questions about the impact of spending cuts on major development projects.
Professor Osei stressed that while fiscal discipline is important, infrastructure investment must gather pace. This is essential to support the economy and ensure the 'Big Push' delivers its promised benefits. The current trend suggests a disconnect between policy ambition and on-the-ground economic impact.
The government's tight expenditure controls, with no supplementary appropriation, reflect a commitment to fiscal consolidation. However, this commitment appears to be hindering the immediate economic benefits expected from large-scale infrastructure projects. Future economic data will reveal if these projects gain momentum.
The slow growth in construction could delay job creation and productivity gains. These are key objectives of the 'Big Push' programme. Stakeholders will closely monitor upcoming budget reviews and economic reports for signs of accelerated project implementation. This will be crucial for Ghana's long-term development trajectory.