Ghana Unveils $10 Billion New Economy Programme in 2027 Budget

ACCRA, November 12, 2026 — Ghana has unveiled a $10 billion investment programme intended to expand production, strengthen exports and create jobs over the four years from 2027 to 2030.

Finance Minister Cassiel Ato Forson announced the New Economy programme while presenting the government's 2027 Budget Statement and Economic Policy to Parliament on Thursday. The strategy signals a shift from stabilising public finances to increasing investment in industries that can create more domestic economic value.

Commercial agriculture, energy infrastructure, technology, textiles and garments, and the processing of critical minerals are among the priority areas. The government aims to attract and direct financing toward projects that expand Ghana's productive capacity rather than maintaining reliance on raw-material exports.

The budget forecasts economic growth of 5.2% in 2027, compared with an estimated 5.7% in 2026. It also projects an inflation objective of 8%, with a tolerance band of two percentage points on either side, and a cash-basis fiscal deficit equivalent to 3.6% of gross domestic product.

The programme is a multiyear investment commitment, not money already spent or a guarantee that the projected jobs and growth will materialise. Its success will depend on how proposed projects are selected, financed and delivered, and on whether private businesses can take advantage of the opportunities.

The budget comes after Ghana completed a three-year International Monetary Fund support programme. The government is now seeking to preserve macroeconomic stability while accelerating industrial activity and employment.