Ghana’s US$10 billion New Economy programme will turn recovery into jobs – Dr. Ato Forson

Ghana's Finance Minister, Dr. Cassiel Ato Forson, has announced that the 2027 Budget will detail the government's plan to transform the country's economic recovery into plentiful job opportunities for young people, improved incomes for farmers, and more prospects for Ghanaian enterprises to expand and hire. Dr. Forson is set to unveil the specifics of the New Economy programme during his presentation to Parliament on November 12, 2026.

This four-year investment strategy was originally announced by President John Dramani Mahama. Dr. Forson emphasized that post-recovery, the focus should be on creating decent jobs for the youth, boosting farmers' earnings, and fostering growth and hiring opportunities for local businesses.

The US$10 billion New Economy programme, operational from 2027 to 2030, aims to bolster domestic production, raise the processing share of Ghana's raw materials locally, and facilitate Ghanaian firms in selling their products both domestically and internationally. This budget follows Ghana's completion of the final review of its IMF-supported lending program in July.

According to Ghana Statistical Service data, the economy expanded by 6.0 percent in the second quarter of 2026, while the annual inflation rate was recorded at 5.2 percent in September. Dr. Forson had previously hinted at a shift towards job creation during the July Mid-Year Fiscal Policy Review. The November budget is anticipated to highlight which investments the government will prioritize in 2027 and how it plans to finance these initiatives while maintaining the economic gains achieved through the recovery.