2027 Budget in numbers: GH¢389bn spending, no new taxes, GH¢30bn for the New Economy
Revenue, spending, the deficit, the GH¢29bn bond payoff, the New Economy money and the biggest allocations, from Ato Forson's speech.
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.
Written by urgent.news from 3News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
