These are the 8 pillars of the ‘New Economy’ in the 2027 Budget
Finance Minister Dr Cassiel Ato Forson has announced a US$10 billion investment programme to transform the country's economy over the next four years, with a focus on expanding local production, processing raw materials, creating jobs and reducing dependence on imports.
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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