Ghana government budgets over GH¢100b for capital expenditure
The government has allocated GH¢100.4 billion for capital expenditure in 2027, representing 5.6 per cent of Gross Domestic Product (GDP), to support infrastructure development and economic growth. The post Ghana government budgets over GH¢100b for capital expenditure appeared first on Ghana Business News .
The Ghana government has allocated GH¢100.4 billion for capital expenditure in 2027, representing 5.6 percent of the country's Gross Domestic Product (GDP). This funding aims to support infrastructure development and boost economic growth. The allocation is divided between domestically financed capital expenditure (GH¢88.4 billion) and external financing (GH¢12 billion).
Dr. Cassiel Ato Forson, the Minister of Finance, announced this during the presentation of the 2027 Budget Statement and Economic Policy to Parliament. A separate GH¢28 billion has been earmarked for the Big Push Programme, focusing on improving infrastructure and connectivity across the country. Specific projects within the Big Push Programme include the Ghana Market Access and Connectivity Project (GH¢2 billion) and the Volivo Bridge project (GH¢400 million).
The Ministry of Roads and Highways will receive GH¢11.3 billion for various projects, including GHS7.8 billion for capital expenditure and GHS3.5 billion for the Road Maintenance Trust Fund. The Ministry of Transport will get GH¢724 million for high-occupancy buses, railway development, and preparations for establishing a national airline.
In the education sector, GH¢48 billion will be allocated to support teaching, learning, and access to education, including GHS11.2 billion for the Ghana Education Trust Fund, GHS1.37 billion for transforming secondary education, and GH¢227 million for teacher trainee allowances. The health sector will receive GH¢40.3 billion, including GHS10.2 billion for the National Health Insurance Scheme and GHS2.6 billion for the Ghana Medical Trust Fund.
Social protection measures include GH¢3.4 billion for the Ministry of Gender, Children, and Social Protection, with GH¢1.1 billion for the LEAP Programme and GH¢2.1 billion for the School Feeding Programme. Other allocations include GH¢2.5 billion for housing, water, and coastal protection projects, and GH¢2.9 billion for the Ministry of Food and Agriculture.
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- Ghana government budgets GH¢48b for education in 2027 ghanabusinessnews.com
