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Finance Minister Dr Cassiel Ato Forson is expected to present the government’s economic priorities for 2027 when he delivers the 2027 Budget Statement and Economic Policy to Parliament today, Thursday, November 12. The presentation is scheduled for 6:00 pm. It will give the government a chance to explain how it plans to manage public finances, keep the economy growing and turn its recovery efforts into better living conditions for Ghanaians. A key focus is expected to be the government’s US$10 billion New Economy investment programme. President John Dramani Mahama has described the programme as an important way to transform the economy from 2027 to 2030. The initiative is expected to direct investment towards productive sectors such as agriculture and agribusiness, energy, critical minerals, textiles and garments, tourism, the creative industry and pharmaceutical manufacturing. The Finance Minister is expected to explain how the programme will be funded, especially how the government will raise the proposed US$10 billion without depending on costly loans from international capital markets. The government’s opposition to returning to international capital markets for expensive loans is likely to make domestic revenue and private-sector investment central to the funding discussion. In addition to the investment programme, the Budget will review the country’s economic performance and provide projections for the coming year. Key indicators expected to be covered include economic growth, inflation, public debt, foreign reserves, and the government’s success in raising revenue and managing spending. Ghana’s real GDP grew by 6% in the second quarter of 2026, exceeding the government’s annual growth target of 4.8%. Inflation, however, climbed to 5.5% in October 2026, following three straight monthly increases after reaching 3.2% in March. In August, the country’s gross international reserves could cover 4.2 months of imports, above the minimum target of three months. After the presentation, Parliament and other stakeholders are expected to closely review the economic outlook and the proposed steps to protect these gains. Businesses and organised labour will likely focus on policies that affect operating costs, jobs, taxes and the overall investment climate. Civil society groups and economic analysts will also examine government spending plans, particularly funding for education, healthcare, agriculture and infrastructure. The Budget is also expected to respond to concerns about public debt, unpaid arrears, revenue collection and the delivery of major government programmes. Ultimately, the government’s plans will be measured by how well they boost economic activity, create jobs and bring clear improvements to the lives of ordinary Ghanaians. https://youtube.com/live/TcvC3AwNkSM?featureshare

Tag: $10 billion

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