Ghana’s US$10 billion New Economy programme will turn recovery into jobs – Dr. Ato Forson
Finance Minister Dr. Cassiel Ato Forson says the 2027 Budget will set out how the government plans to turn Ghana’s economic recovery into decent jobs for young people, better incomes for farmers and more opportunities for Ghanaian businesses to expand and hire.
Finance Minister Dr. Cassiel Ato Forson announced that the 2027 Budget will outline the government's plans to transform Ghana's economic recovery into job creation for young people, improved incomes for farmers, and expanded opportunities for Ghanaian businesses to grow and hire. The budget presentation is scheduled for Thursday, 12 November 2026.
The New Economy programme, a four-year investment plan unveiled by President John Dramani Mahama, aims to boost domestic production, increase the processing of raw materials locally, and enhance Ghanaian firms' sales at home and abroad. The US$10 billion program, running from 2027 to 2030, is designed to capitalize on recent economic gains and create prosperity for all Ghanaians.
The budget follows Ghana's completion of the final review of its IMF-supported lending program in July. The economy grew by 6.0% in the second quarter of 2026, with annual inflation at 5.2% in September. Dr. Forson hinted at the focus on job creation in the July Mid-Year Fiscal Policy Review. The November budget is anticipated to specify the investments the government will prioritize in 2027 and the financing strategies to preserve the economic progress achieved during the recovery.
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