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Curtain Up on Investment: Ghana to Establish Two Major Creative Arts Funds and Build a Second National Theatre in Kumasi

The plan to construct a second National Theatre in Kumasi represents a major milestone in regional cultural development, creating new opportunities for artistic expression, tourism, and youth employment

Curtain Up on Investment: Ghana to Establish Two Major Creative Arts Funds and Build a Second National Theatre in Kumasi
Makida El Husseini
Nov 14, 2025

Ghana’s cultural and creative economy is set for a historic rebirth in 2026, as the government announces sweeping investments and institutional reforms designed to reposition the arts as a major pillar of national development.

During the presentation of the 2026 Budget Statement in Parliament, Finance Minister Dr. Cassiel Ato Forson unveiled a bold vision for Ghana’s creative future, one that fuses cultural preservation with modern industry dynamics.

“Mr. Speaker, in 2026, government will rehabilitate the National Theatre in Accra. We will also commence site acquisition and design of a second national theatre in Kumasi,” the Minister declared.

The plan to construct a second National Theatre in Kumasi represents a major milestone in regional cultural development, creating new opportunities for artistic expression, tourism, and youth employment.

In addition to these infrastructure projects, the government has announced the establishment of two critical funding vehicles aimed at strengthening the financial backbone of Ghana’s creative ecosystem. “We will establish the Film Fund to revive the film industry such as Kumawood and other film associations,” Dr. Forson stated, reaffirming the state’s recognition of the film industry’s economic and cultural potential.

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With an initial GH¢20 million allocation, the Film Fund will provide vital support for filmmakers, producers, and creative entrepreneurs who have long struggled to access financing and distribution.

The second facility, the Creative Arts Fund, will inject another GH¢20 million into sectors such as arts, music, fashion, food, and other creative industries. As the Minister explained, “We will also establish the Creative Arts Fund for the arts, music, fashion, food and other creative sectors.” This broader financing pool is expected to help nurture emerging talent, promote Ghanaian artistry globally, and stimulate innovation-driven enterprises that connect creativity with commerce.

The cultural investment agenda forms part of a larger national effort to modernise Ghana’s creative infrastructure and preserve its heritage. The government has already initiated the restoration of six historic forts and castles in line with UNESCO standards, with plans to expand the rehabilitation works in 2026 to cover more heritage sites across the country. These efforts underscore a growing recognition of culture as a strategic economic resource, one capable of creating jobs, attracting tourism, and enhancing Ghana’s global cultural diplomacy.

In 2025, the National Film Authority hosted the first-ever National Film Dialogue, attracting over 550 industry stakeholders, a clear indicator of the sector’s readiness for structured policy and investment engagement. The introduction of the Film and Creative Arts Funds is therefore expected to catalyse production, distribution, and international partnerships, giving Ghanaian cinema and performing arts a competitive edge in Africa’s booming creative economy.

The Ministry of Tourism, Culture and Creative Arts has been allocated a total of GH¢255,127,941.00 across all funding sources for the 2026 fiscal year. This investment underlines the government’s intent to make the creative economy a cornerstone of economic diversification, youth employment, and global cultural influence.

As Ghana stands on the brink of this creative renaissance, the message from the Finance Minister’s budget speech is clear: the arts are no longer peripheral to development. They are central to the nation’s economic and cultural identity. The rehabilitation of the National Theatre, the construction of a second theatre in Kumasi, and the creation of the Film and Creative Arts Funds represent more than financial commitments, they are investments in imagination, innovation, and national pride.

With the curtain rising on 2026, Ghana’s creative sector is poised to transform from an underfunded passion space into a vibrant industry. one that tells the Ghanaian story to the world and drives sustainable growth at home.

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