2027 Budget Reading: Govt To Invest $10bn In New Economy – Ato Forson
Dr. Cassiel Ato Forson The Minister of Finance, Dr. Cassiel Ato Forson, has announced plans by the government to invest the equivalent of US$10 billion over four years, beginning Read More... The post 2027 Budget Reading: Govt To Invest $10bn In New Economy – Ato Forson appeared first on DailyGuide Network .
The Ghanaian government plans to invest $10 billion over four years, starting in 2027, in a new economic transformation programme called the New Economy. This initiative aims to expand domestic production, create jobs, and strengthen Ghana's industrial capacity, addressing longstanding structural weaknesses such as the country's dependence on raw material exports and inadequate creation of productive employment.
The New Economy will be implemented through eight interconnected pillars, including macroeconomic stability, commercial agriculture, energy infrastructure, critical minerals value addition, tourism, culture and creative arts, textiles and garments, pharmaceuticals and manufacturing, and the technology economy. The government will provide strategic infrastructure, bankable projects, and predictable conditions for businesses, while the private sector will carry the principal responsibility for investment, innovation, production, and sustainable employment.
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