The Finance Minister, Dr Cassiel Ato Forson said that under the New Economy, the government is going to judge economic growth by the number of jobs it creates.

Published 14 Nov 2026, 08:51 GMTUpdated 14 Nov 2026, 08:51 GMT

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Legal practitioner Martin Kpebu has said that the increasing cost of living in Ghana is a huge crisis that must be tackled immediately.

He says it poses a serious national security threat.

Commenting on the 2027 budget statement on TV3's Key Points on Saturday, November 14, hr said, "When you break everything down, it boils down to cost of living. Cost of living is a huge problem. Everything must translate into better standards of living and cost of living. It is a huge crisis. If we don't solve that problem, we are not safe; one day, an unemployed person can pull you out of your car. This is a national security threat."

The Finance Minister, Dr Cassiel Ato Forson, said that under the New Economy, the government is going to judge economic growth by the number of jobs it creates.

Also, he said the income that is generated will be used to assess the growth. Dr Forson said this while reading the 2027 budget statement to parliament on Thursday, November 12.

"We will judge growth by the jobs and income it creates," he said. Dr Cassiel Ato Forson further assured Ghanaians that the government will protect the economic recovery.

He says the government will scale up fiscal discipline as part of the efforts to protect stability and present the benefits to the people of Ghana.

"Government will preserve stability. Government support to the private sector will be transparent. We will protect the recovery with fiscal discipline," he said.

He further said that Ghana has made significant gains and emerged from its worst economic crisis.

He says that stability is restored, confidence is back, and Ghanaians can breathe again. He said, "Ghana has made significant gains, has emerged from the most painful economic crisis in our history, stability has returned, confidence is back, and Ghanaians can breathe again."

"The Ghanaian people paid heavy prices; the debt restructuring imposed severe hardships,"

Dr Forson further stated that "We [Ghana] have grown but we have not built enough resilience into that growth."

Prior to the budget presentation, the Minister of Government Communications Felix Kwakye Ofosu said that the New Economy that will be announced by the Finance Minister in the 2027 budget statement will spell out clear plans to provide jobs for the youth.

He says the New Economy is not business as usual; it intends to serve a useful purpose.

"It is not business as usual; it creates jobs for the youth; it is a government programme intended to transform the economy over the next four years. 24-hour economy was never meant to be an event; it was a government initiative that brings incentives to the private sector," he told TV3 ahead of the 2027 budget presentation on Thursday November 12.

"Substantial work has gone into it; yes, we are yet to realise the full scale of the programme," he added.

Laud NarteyLaud Nartey is a current affairs editor with the MG News team at Media General, serving TV3 Ghana, 3News, Onua TV and more platforms.

2027 Budget: The high cost of living is a huge crisis on our hands - Kpebu

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