Finance Minister hints at first-week in November for presentation of 2027 budget

Finance Minister Dr Cassiel Ato Forson has indicated that the 2027 Budget will be presented to Parliament in the first week of November 2026. This announcement comes as the government ramps up preparations for its next economic program, with the Finance Ministry engaging various ministries, departments, and agencies regarding their proposed spending for the upcoming year.

Dr. Ato Forson spoke to Kumasi-based Ahenfie FM, stating that the 2027 Budget would outline new policies targeting job creation, infrastructure expansion, and business incentives. The government's focus is shifting from economic stabilization to fostering stronger growth following the first two years spent addressing the country's economic issues.

He added that businesses should anticipate fresh incentives designed to support expansion and explore new areas for growth. These measures will be detailed in the 2027 Budget and align with the government's broader strategy to propel the economy into its next phase of development.

The Finance Minister also connected these initiatives to the government's new economic program, which aims to invest approximately US$10 billion to spur economic activity. Budget preparation for 2027 is already in motion, with the Finance Minister meeting key ministries, departments, and agencies to discuss proposed expenditures for the following year. Some ministries have already presented their plans to the Finance Ministry for review as the government identifies priority sectors and investment opportunities.

The November presentation aligns with Ghana's public financial management framework, requiring the Finance Minister to submit the budget for the coming financial year no later than November 15. This timeline ensures that Parliament can review and approve the proposed expenditures before the new financial year begins on January 1, 2027.