Finance Minister To Unveil New Economy In 2027 Budget On Thursday

The Minister for Finance, Dr Cassiel Ato Forson, is scheduled to introduce the New Economy through the 2027 Budget Statement and Economic Policy of Government.

It will be unveiled on November 12, 2026.

According to Government Spokesperson, Felix Kwakye Ofosu, the New Economy is a comprehensive four-year economic transformation plan under which major investments will be made in the productive sectors of the economy.

The New Economy plan is expected to focus on shifting Ghana’s economic structure towards production, value addition and export competitiveness, moving away from heavy reliance on imports and raw commodity exports.

Under the plan, major investments are anticipated in key productive sectors such as agriculture and agribusiness, manufacturing and industrialisation, energy, infrastructure, tourism, and the digital economy.

Stakeholders are also watching for details on how the plan will be financed, how it will support private sector growth, create decent jobs for young people, and improve livelihoods across the country.

The 2027 Budget Statement is also expected to outline government revenue and expenditure priorities, debt management measures, social protection interventions, and reforms to improve efficiency and accountability in public spending.

In the meantime, Mr Kwakye Ofosu also disclosed that the refurbishment of Terminal 2 at the Kotoka International Airport is 80% complete.

The refurbishment is part of ongoing efforts to modernise Ghana’s aviation infrastructure, improve passenger experience and position Kotoka International Airport as a leading aviation hub in West Africa.

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