2027 Budget Will Outline Major Infrastructure Projects – Ato Forson
Dr. Cassiel Ato Forson The Finance Minister, Dr. Cassiel Ato Forson, has announced that the 2027 Budget will outline plans for major infrastructure projects and policy initiatives aimed at Read More... The post 2027 Budget Will Outline Major Infrastructure Projects – Ato Forson appeared first on DailyGuide Network .
Finance Minister Dr. Cassiel Ato Forson has revealed that the 2027 Budget will include plans for major infrastructure projects and initiatives designed to generate employment and spur economic expansion. The Budget, projected to be unveiled in the first week of November 2026, will also introduce new incentives to encourage businesses to grow and explore new industries.
Dr. Forson explained that these measures are part of the government's strategy to transition from economic stabilization to sustained growth. He noted that the present administration has devoted its initial two years to stabilizing the economy, with the subsequent phase focused on stimulating economic activity and creating more opportunities.
The Finance Minister outlined that the government plans to allocate approximately US$10 billion towards stimulating the economy, with further details of the programs and policies backing this investment to be outlined in the 2027 Budget. Dr. Forson has already initiated discussions with key ministries, departments, and agencies in preparation for the 2027 Budget hearings and the implementation of the government's new economic program.
These consultations will assist the government in identifying priority sectors and investment prospects that can fuel the forthcoming phase of economic growth. Several ministries have already presented to the Finance Ministry to substantiate their proposed expenditures for 2027. The scheduled November presentation adheres to the public financial management framework, as mandated by the Public Financial Management Act, which stipulates that the Finance Minister must present the Budget for the upcoming year to Parliament no later than November 15.
This timeline aims to allow Parliament ample time to review and endorse the proposed expenditure before the inception of the new fiscal year on January 1, thereby enabling the government to secure the requisite legal authorization to spend starting from the beginning of 2027.
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