Government has allocated GH¢100.4 billion for capital expenditure in 2027, alongside GH¢28 billion for the Big Push infrastructure programme, as it seeks to expand the country’s infrastructure base and support economic growth.
The capital expenditure allocation, equivalent to 5.6% of Gross Domestic Product (GDP), comprises GH¢88.4 billion in domestically financed projects and GH¢12 billion from external sources.
The allocations form part of the 2027 Budget Statement and Economic Policy presented to Parliament by Finance Minister Dr Cassiel Ato Forson on Thursday, November 12, 2026.
The separate GH¢28 billion provision for the Big Push Programme is expected to finance major infrastructure projects aimed at improving connectivity and market access.
Of the amount, GH¢2 billion has been allocated to the Ghana Market Access and Connectivity Project, while GH¢400 million will support the commencement of the Volivo Bridge project.
The Ministry of Roads and Highways will receive GH¢11.3 billion, comprising GH¢7.8 billion for capital expenditure and GH¢3.5 billion for the Road Maintenance Trust Fund.
The Ministry of Transport has been allocated GH¢724 million, including GH¢400 million for additional high-occupancy buses, GH¢174 million for railway development and GH¢69 million for preparatory work towards establishing a national airline.
Beyond infrastructure, the budget places significant resources on education and healthcare, with GH¢48 billion and GH¢40.3 billion allocated to the respective sectors.
The education allocation includes GH¢11.2 billion for the Ghana Education Trust Fund (GETFund), GH¢1.37 billion to transform secondary education and eliminate the double-track system, and GH¢537 million for the No Fees Stress Policy covering first-year tertiary students.
Government has also earmarked GH¢292 million for free sanitary pads for schoolgirls and GH¢227 million for teacher trainee allowances.
In healthcare, GH¢10.2 billion will support the National Health Insurance Scheme, while GH¢2.6 billion has been allocated to the Ghana Medical Trust Fund, popularly known as MahamaCares.
Another GH¢6.8 billion will finance the commencement of two specialist hospitals, six regional hospitals, a mother and child centre at the Korle-Bu Teaching Hospital and two district hospitals.
The government has further provided GH¢1 billion each for completing the Eastern and Western Regional Hospitals and 35 Agenda 111 district hospitals.
Other health allocations include GH¢200 million for ambulances, GH¢100 million for childhood and maternal vaccines and GH¢20 million to operationalise the Mental Health Fund.
Agriculture has been allocated GH¢2.9 billion, including GH¢800 million for agricultural machinery under the second phase of the Farmer Service Centres initiative.
The sector will also receive GH¢515 million for fertilisers and certified seeds, GH¢500 million for silos, GH¢245 million for the Poultry Farm-to-Table Project and GH¢200 million for the National Food Buffer Stock Company.
For social protection, the Ministry of Gender, Children and Social Protection has been allocated GH¢3.4 billion.
The Livelihood Empowerment Against Poverty (LEAP) Programme will receive GH¢1.1 billion, while GH¢2.1 billion has been set aside for the School Feeding Programme.
The Ministry of Youth Development and Empowerment will receive GH¢3.5 billion, including GH¢2 billion for youth employment and skills development programmes and GH¢1 billion for National Service Personnel allowances.
Government has also earmarked GH¢2.5 billion for works, housing and water resources, covering water infrastructure, affordable housing and coastal protection.
The allocation includes GH¢820 million for the Northern Ghana Water System, GH¢500 million for the Housing Fund, GH¢250 million for the Blekusu Coastal Protection Project and GH¢500 million for ongoing sea defence works.
On revenue mobilisation, Dr Forson said the 2027 Budget would introduce no new taxes, with government instead prioritising improved compliance, the closure of revenue leakages and modernisation of tax administration.
The proposed reforms will involve reviews of the Income Tax Act, Revenue Administration Act, Stamp Duty administration and Communications Service Tax framework.
The government’s 2027 macroeconomic targets include real GDP growth of at least 5.2%, non-oil GDP growth of 5.7% and end-year inflation of between 6% and 10%.
The fiscal framework projects an overall deficit of GH¢65.8 billion, equivalent to 3.6% of GDP, on a cash basis, while targeting a primary surplus of GH¢9 billion, representing 0.5% of GDP, on a commitment basis.
Government has additionally allocated GH¢13.9 billion towards clearing outstanding arrears, including GH¢4.3 billion in legacy obligations owed to Independent Power Producers.
The scale of the capital spending and sector allocations places implementation and value for money at the centre of the 2027 fiscal agenda, particularly as government seeks to translate budgetary commitments into infrastructure, productive capacity and improved public services.
