{
  "id": 19691561,
  "title": "2027 Budget: We owe the next generation a worthy economy – Finance Minister",
  "url": "https://urgent.news/2026/11/12/2027-budget-we-owe-the-next-generation-a-worthy-economy-finance",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T19:09:22.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/2027-budget-we-owe-the-next-generation-a-worthy-economy-finance-minister/"
  },
  "original_language": "en",
  "account": "Finance Minister Dr Cassiel Ato Forson has emphasized the government's moral obligation to establish a robust and enduring economy for the benefit of future generations. Speaking at the presentation of the 2027 Budget Statement and Economic Policy to Parliament on November 12, 2023, Dr Forson highlighted that Ghana's economy remains heavily reliant on raw material exports, with limited value addition and insufficient opportunities for productive employment. He stated that the economic transformation championed by Ghana's first President, Dr Kwame Nkrumah, has yet to be realized, necessitating a reevaluation of the nation's economic priorities. Dr Forson proposed that Ghana's 70th anniversary of independence should mark a pivotal moment in its developmental trajectory. He unveiled the government's four-year program, known as The New Economy, which is set to commence in 2027. This initiative aims to revitalize the Ghanaian economy by expanding domestic production, enhancing the local processing of raw materials, and converting natural resources into sustainable jobs, increased earnings, and overall prosperity. The Ministry allocated a budget equivalent to $10 billion over the four-year period from 2027 to 2030 to implement this modernization plan. Dr Forson expressed the belief that as Ghana celebrates its 70th anniversary, it owes the upcoming generations an economy befitting the freedom they inherit and the sacrifices made by their predecessors. He urged a fundamental shift in the country's mindset, priorities, and actions as it embarks on the forthcoming 70 years of its national journey. The ultimate goal, according to Dr Forson, is to construct a fully developed, first-world Ghana capable of delivering enduring prosperity to its citizens.",
  "summary": "Finance Minister Dr Cassiel Ato Forson has said the government has a moral obligation to build a strong and sustainable economy that will serve the needs of future generations. He said Ghana must use its available fiscal space wisely to address longstanding structural weaknesses in the economy and create opportunities for improved livelihoods. Presenting the […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Daily Post Nigeria",
        "title": "Give Tinubu another chance to complete fixing Nigeria's economy – Minister",
        "url": "https://urgent.news/2026/11/12/give-tinubu-another-chance-to-complete-fixing-nigerias-economy",
        "published": "2026-11-12T18:45:32.000Z"
      },
      {
        "outlet": "GBC Ghana",
        "title": "Finance Minister announces GH¢30 billion new economy investment for 2027",
        "url": "https://urgent.news/2026/11/12/finance-minister-announces-gh-30-billion-new-economy-investment-for",
        "published": "2026-11-12T19:02:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}