2027 Budget to set out inflation and growth outlook – Theo Acheampong

Economist and political risk specialist Dr Theo Acheampong revealed that the 2027 Budget will include projections for inflation, economic growth, and fiscal balances. During an interview on Joy News’ PM Express, he mentioned that the budget, to be presented the following week, would present a medium-term fiscal framework laying out these expectations.

When asked if the government could guarantee price stability in 2027 and 2028, Dr Acheampong stated that the forthcoming budget would detail the government’s outlook on inflation, growth, the economy’s size, and fiscal balances. Earlier projections suggested inflation remaining below 10% over the next three to four years, according to Dr Acheampong.

He invited scrutiny of earlier budget documents, including the 2025 budget, emphasizing the importance of inflation on workers' purchasing power. Dr Acheampong noted that wage increases could still benefit workers if inflation remained within single digits, potentially allowing for annual wage hikes of 9% to 10%. However, he did not explicitly promise price stability for the two years mentioned by the host.

The 2027 budget’s medium-term framework will offer further insight into the government's inflation and growth expectations.