By Francis Kobena Tandoh
Ghana’s Finance Minister Dr. Cassiel Ato Forson is presenting the 2027 Budget Statement and Economic Policy of the John Mahama-led government to the country’s Parliament at 6:00 pm today, Thursday Nov. 12.
The budget, according government spokespersons features the unveiling of a 10 billion U.S. dollar (USD) investment “New Economy” programme.
The “New Economy” is a 4-year investment plan (2027–2030) estimated at 10 billion USD, committing roughly 1.5% of Gross Domestic Product (GDP) annually.
According to the government, the core objective of the budget is to shift focus from macroeconomic stabilization (following the completion of Ghana’s IMF Extended Credit Facility) toward domestic investment-led growth, job creation, and higher household incomes.
Among the priority sectors the 2027 budget will focus includes agriculture and agro-processing (including local sourcing mandates for public institutions), manufacturing and value addition to critical minerals, infrastructure, energy, and the creative economy, as well as textiles, garments, tourism, and pharmaceutical manufacturing.
The budget is expected to be financed partly proposed through adjusting the fiscal rule’s primary surplus floor (moving it from 1.5 percent to 0.5 percent of GDP) to free up fiscal space for productive expenditures.
The 2027 budget is presented against a backdrop of easing inflation (reported around 5.2 percent–5.5 percent) and GDP growth reaching 6 percent in Q2 2026, though lawmakers and market watchers are closely scrutinizing how the targets will be funded and sustained. Enditem
Source: Ghana Eye Report
