Government plans to spend the equivalent of US$10 billion over four years to transform Ghana’s economy, expand domestic production and create jobs under a new economic programme beginning in 2027.
Finance Minister Dr. Cassiel Ato Forson announced the initiative while presenting the 2027 Budget Statement to Parliament on Thursday, November 12, 2026.
He described it as a major intervention to address structural weaknesses in the economy and build a stronger productive base.
He said the programme, known as the New Economy, New Ghana: Jobs and Prosperity, would run from 2027 to 2030 and focus on eight priority areas.
“Therefore, over a four-year period, from 2027 to 2030, government will spend 10 billion United States dollars equivalent, 10 billion United States dollars equivalent, to create a modern Ghanaian economy for jobs and prosperity,” he told Parliament.
The eight areas are macroeconomic stability and affordable finance, commercial agriculture, energy infrastructure, critical minerals value addition, tourism, culture and creative arts, textiles and garments, pharmaceuticals and biomanufacturing, and the technology economy.
Dr. Forson said the programme was intended to move Ghana away from excessive dependence on raw material exports towards an economy that processes more of its resources locally and generates productive employment.
He noted that although Ghana had recorded economic expansion over the years, the country had struggled to sustain growth and translate it into improved living conditions for its citizens.
Between 1990 and 2025, real GDP growth averaged 5.2%, but the Finance Minister said the performance concealed significant volatility and structural weaknesses.
He argued that Ghana’s reliance on commodities such as gold, cocoa and oil had exposed the economy to fluctuations in international prices, while limiting the benefits of domestic value addition.
The Minister said the new programme would provide a coordinated approach to investment, with government supporting strategic infrastructure and creating predictable conditions for businesses.
“The private sector will carry the principal responsibility for investment, innovation, production, and sustainable employment,” he said.
He added that government support would be transparent, time-bound and tied to measurable outcomes.
The programme is expected to guide government’s economic transformation agenda as Ghana approaches 70 years of independence in 2027.
