2027 Budget: Capital expenditure rises to GH¢98.3bn, exceeds interest payments – Ato Forson
Government allocates GH¢98.3bn to capital expenditure, prioritising infrastructure, production and job creation.
Finance Minister Dr. Cassiel Ato Forson recently urged Ghanaians to draw lessons from the economic difficulties of 2022, urging them to build a robust and resilient economy for the future. He emphasized the importance of moving past the repeated cycles of recovery and instead focusing on developing industries, generating employment opportunities, and reinforcing institutions that will benefit future generations.
During the presentation of the 2027 Budget Statement and Economic Policy to Parliament, Dr. Forson highlighted the adverse effects that economic hardships have had on households, businesses, and young people, citing rising inflation, growing public debt, and unemployment as major challenges. He stressed that the sacrifices made during the tough period should not be wasted and called for directing the country's economic gains towards long-term transformation.
Dr. Forson painted a vision of an economy fueled by agriculture connected to factories, local processing of minerals, stable power supply, domestic pharmaceutical production, heritage tourism, and technology. He outlined plans for sustained investment in productive sectors and urged citizens to evaluate the government's program based on measurable targets and tangible results.
The Finance Minister also committed to honest reporting on progress, acknowledging any setbacks and making necessary corrections to policies that fail to deliver expected outcomes. Dr. Forson reiterated that investments planned between 2027 and 2030 would benefit future administrations and generations, highlighting the need for national development to extend beyond electoral cycles.
He urged political leaders and citizens to maintain a unified commitment to building an economy capable of feeding itself, powering industries, processing resources, and providing young people with prosperous opportunities at home. Dr. Forson concluded by emphasizing that this should be the time when Ghana stops recovering from crises and begins building beyond them.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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