New Economy will transform Ghana’s economic structure — Ato Forson tells chiefs
Finance Minister Dr. Cassiel Ato Forson says the government’s New Economy programme is a four-year plan to transform Ghana’s economic structure. Speaking during a meeting with the National House of Chiefs, Dr Forson outlined the programme’s central vision to the distinguished traditional leaders. “The New Economy is the Government of Ghana’s four-year programme to transform […]
Finance Minister Dr. Cassiel Ato Forson has announced Ghana's ambitious New Economy programme during a meeting with the National House of Chiefs. This four-year plan aims to reshape the country's economic structure. Dr. Forson shared the central goal of the programme, emphasizing its importance in transforming the Ghanaian economy.
The President of the National House of Chiefs, Ogyeahoho Yaw Gyebi II, praised Dr. Forson's dedication to the economy and expressed hope that the upcoming Budget would tackle youth unemployment. The New Economy programme will be officially unveiled on November 12, 2026, alongside the presentation of the 2027 Budget. The budget's focus is on a four-year economic transformation plan from 2027 to 2030, with a target investment of US$10 billion.
The government aims to stimulate local manufacturing and agriculture, increase domestic processing of raw materials, decrease reliance on imports, support private sector exports, and create jobs. Macroeconomic targets include an annual growth rate exceeding 6.0%. The government is targeting an inflation rate of 7% plus or minus 2%.
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