2027 Budget: Govt outlines eight pillars of $10bn New Economy programme
The government has outlined eight key areas under its US$10 billion New Economy Programme, an ambitious four-year plan aimed at transforming Ghana’s economy, expanding local production and creating jobs. The programme, which will run from 2027 to 2030, is designed to move the country away from its heavy dependence on raw material exports towards an […]
In 2027, the Ghanaian government plans to spend GH¢389.2 billion without introducing any new taxes. The budget allocates GH¢30 billion for the government's New Economy program. The government intends to pay off GH¢29 billion of restructured bonds three months earlier. The fiscal framework sets capital spending at GH¢100.4 billion, which equals 5.6 percent of GDP.
The government aims for overall growth of at least 5.2 percent in 2027, with non-oil growth at least 5.7 percent. Inflation is expected to be around 8 percent, with reserves covering at least six months of imports. The government aims to clear about GH¢53 billion in payments in February and August 2027 combined.
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