Ato Forson to present 2027 Budget on Nov. 12 as jobs take centre stage

Ghana's Finance Minister, Dr Cassiel Ato Forson, is scheduled to deliver the 2027 Budget to Parliament on November 12, according to Deputy Finance Minister Thomas Nyarko Ampem. The budget announcement comes as part of the government's New Economy agenda, which aims to prioritize job creation, economic transformation, and growth-focused spending.

The Ghana Statistical Service's recent report, titled "Ghana in Numbers," was released just in time for the budget presentation. Ampem emphasized the importance of making the report accessible to all Members of Parliament to facilitate informed debates in the House. The report is expected to bolster transparency in economic data and aid in planning and policy decisions.

The New Economy Programme, a key component of the 2027 Budget, will focus on growth-oriented spending while maintaining fiscal discipline. The program aims to expand economic opportunities and support employment, with priority areas including macroeconomic stability, commercial agriculture, agro-industry, energy sector reforms, critical minerals, cotton, textiles and garments, and tourism, culture, and the creative arts.

While the government expects to continue with its fiscal and debt framework, the budget could include substantial allocations to complete ongoing infrastructure projects and lower the primary surplus target. The government's aim is to create additional room for priority spending while preserving fiscal and debt sustainability, thereby safeguarding macroeconomic stability and protecting vulnerable households.