Ghana’s 2027 Budget is expected to place the Government’s proposed US$10 billion “New Economy” investment programme at the centre of its economic agenda when Finance Minister Dr Cassiel Ato Baah Forson presents the statement to Parliament on Thursday, November 12.

The four-year programme, covering 2027 to 2030, is designed to mobilise about US$2.5 billion annually for sectors including agriculture and agro-processing, manufacturing, infrastructure, energy, critical minerals, textiles, tourism and pharmaceutical production.

According to the Ghana News Agency, the Government says the plan is intended to move the economy beyond stabilisation towards stronger domestic production, local processing of raw materials and job creation. The budget is also expected to set out revenue, borrowing, spending, growth and inflation projections.

The presentation comes after Ghana completed its three-year US$3 billion International Monetary Fund Extended Credit Facility programme and moved to a non-financing Policy Coordination Instrument arrangement. Investors and households will be watching for details on how the investment agenda will be financed while protecting debt sustainability and fiscal discipline.

The programme’s impact will depend on the final budget measures, implementation capacity and the extent to which public investment encourages private-sector activity. Parliament is expected to debate the proposals in the coming weeks.

Image note: Illustrative photograph of Accra’s Independence Square, not the Parliament chamber or budget presentation. Photo: WyteShot/Unsplash.

Source: Ghana News Agency

Ghana’s 2027 Budget to Put US$10 Billion ‘New Economy’ Investment Plan in Focus

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