Pillar 1 under New Economy will institutionalise stability - Finance Minister

Ghana has successfully navigated through its most challenging and painful economic crisis in history, according to Finance Minister Dr Cassiel Ato Forson. The country has demonstrated significant progress in stabilizing its economy and regaining investor and public confidence, according to Dr Forson's remarks presented in Parliament on November 12, 2026. The Finance Minister highlighted the initiatives implemented since the government took action to address the economic challenges.

The government's latest budget statement for 2027 outlines its next phase of economic management under the proposed $10 billion 'New Economy' program. This four-year initiative, which runs from 2027 to 2030, aims to channel investments into key sectors such as agriculture, manufacturing, infrastructure, energy, critical minerals, and tourism.

The goal is to boost domestic production, promote value addition, and create employment opportunities. Dr Forson emphasized that Ghana has achieved stability and regained investor confidence as the country emerges from this devastating economic crisis.