Government unveils $10bn investment plan as Finance Minister courts industry confidence

Finance Minister Dr Cassiel Ato Forson has announced a $10 billion investment plan to bolster Ghana's economy and inspire confidence among businesses. During consultations with the Association of Ghana Industries (AGI) and industry executives as part of preparations for the 2027 Budget, the Finance Minister emphasized the government's commitment to building on recent economic gains and transitioning the nation from stability to growth.

Dr Forson assured the business community that the government intends to sustain the country's recent successes and usher in a "golden era" for Ghana.

The proposed investment, outlined in the government's economic transformation blueprint, aims to drive domestic production, enhance value addition, and expand exports. It is also expected to generate more employment opportunities. In line with this plan, the Finance Minister pledged to reduce the cost of capital to facilitate easier access to financing for businesses and stimulate private-sector expansion.

To achieve this goal, the Minister called upon the private sector and the broader business community to bolster domestic revenue mobilisation efforts. By strengthening domestic revenue collection, the government could lessen its dependence on borrowing and augment its fiscal space for development. AGI President Kofi Nsiah-Poku acknowledged the government's progress in stabilizing the economy but stressed the importance of industrial growth and job creation as the next priority.

This engagement represents the government's broader consultations with businesses and stakeholders ahead of the 2027 Budget, with industry expected to play a pivotal role in shaping Ghana's economic transformation agenda.