Finance Minister, Dr. Cassiel Ato Forson has laid out the government’s roadmap to transform Ghana’s economy from a cycle of recurring financial shocks into an export-led, job-creating powerhouse through the New Economy Programme.
Unveiling the 2027 Budget Statement, Finance Minister Dr. Cassiel Ato Forson announced a $10 billion USD equivalent investment package spanning four years (2027–2030) designed to build long-term economic self-reliance.
At the heart of this ambitious initiative is a strategic shift in fiscal management. To unlock the capital required for massive infrastructure and industrial growth, the government is adjusting its primary surplus target downward by one percentage point, reallocating it from 1.5% of GDP to 0.5% of GDP.
This fiscal room, combined with an estimated 0.5% of GDP generated through parliamentary tax reforms and enhanced revenue compliance, will fund core national priorities. In 2027 alone, an immediate capital injection of 1.5% of GDP, equivalent to GH₵30 billion, will be directed into foundational economic assets.
Beyond immediate spending, the “New Economy” programme establishes strict, binding macroeconomic targets to enforce discipline across political and election cycles.
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Economic Growth: Accelerating real GDP growth to approximately 8% by 2030
Job Creation: Driving the national unemployment rate down to below 8% by 2030
Debt Control: Capping total public debt strictly consistent with 45% of GDP
Primary Surplus Guardrail: Maintaining a positive primary surplus of at least 0.5% of GDP every year starting in 2027
Monetary Stability & Affordable Credit: Preserving single-digit inflation and lowering commercial interest rates into single digits so local enterprises can access affordable long-term credit.
Sovereign Rating Target: Securing a clear trajectory toward an investment-grade sovereign credit rating.
To maintain transparency, the government will publish an annual Investment Readiness Report tracking fiscal discipline, debt affordability, and reserve growth.
Emphasizing strict accountability, the Finance Ministry pledged that every project will undergo rigorous value-for-money assessments.
Public funds will focus strictly on high-impact assets, such as irrigation, energy grid modernization, and commercial processing, ending reliance on debt-financed consumption and temporary commodity windfalls.
