Finance Minister Dr Cassiel Ato Forson will today, Thursday, November 12, present the 2027 Budget Statement and Economic Policy of the government to Parliament, outlining Ghana’s economic direction and spending priorities for the coming year
The presentation, scheduled for 6:00 pm, is expected to set out the government’s plans to consolidate recent macroeconomic gains and accelerate economic transformation through investment in productive sectors, job creation and improved living standards.
The 2027 Budget comes at a critical point in Ghana’s economic recovery, with the government seeking to move beyond macroeconomic stabilisation towards increased production, industrialisation, private-sector growth and employment opportunities.
It is also expected to provide details of the government’s proposed US$10 billion New Economy investment programme, announced by President John Dramani Mahama, which is intended to drive economic growth between 2027 and 2030.
A major feature of the 2027 Budget is expected to be the financing and implementation arrangements for the New Economy programme, which seeks to mobilise US$10 billion over four years.
The initiative is expected to prioritise strategic sectors, including commercial agriculture and agribusiness, energy, critical minerals and value addition, textiles and garments, tourism, the creative economy, and pharmaceutical manufacturing.
The budget is therefore expected to clarify how the government intends to mobilise the required resources, attract private-sector investment and ensure that the proposed interventions translate into measurable economic outcomes.
The government indicated that it does not intend to return to the international capital market for expensive loans to finance the programme, making domestic resource mobilisation and private-sector participation particularly important.
Ato Forson is also expected to provide an account of the economy’s performance in 2026, including developments in inflation, economic growth, public debt, revenue mobilisation, expenditure management and international reserves.
Available economic indicators show that Ghana recorded real GDP growth of 6 percent in the second quarter of 2026, exceeding the annual growth target of 4.8 percent.
Inflation also declined to 5.5 percent in October 2026, although it had increased for three consecutive months after reaching a low of 3.2 percent in March.
Gross international reserves stood at 4.2 months of import cover in August 2026, exceeding the minimum target of three months.
Questions surrounding domestic revenue mobilisation, public expenditure, arrears clearance, debt sustainability and the implementation of flagship programmes are also expected to feature in parliamentary discussions.
The government will be expected to demonstrate how its proposed investments will translate into tangible improvements in the lives of ordinary Ghanaians, particularly through job creation, better public services, improved infrastructure and opportunities for businesses to expand.
