Accra, Nov. 12, GNA – Government has allocated GHS100.4 billion for capital expenditure in 2027, representing 5.6 per cent of Gross Domestic Product (GDP), to support infrastructure development and economic growth.
The allocation comprises GHS88.4 billion in domestically financed capital expenditure and GHS12 billion from external financing.
Dr Cassiel Ato Forson, Minister of Finance, announced this when presenting the 2027 Budget Statement and Economic Policy to Parliament, on Thursday.
He said a separate GHS28 billion had been earmarked for the Big Push Programme to improve infrastructure and connectivity across the country.
Of that amount, GHS2 billion would go to the Ghana Market Access and Connectivity Project, while GHS400 million would support the commencement of the Volivo Bridge project.
The Ministry of Roads and Highways would receive GHS11.3 billion, including GHS7.8 billion for capital expenditure and GHS3.5 billion for the Road Maintenance Trust Fund.
The Ministry of Transport would receive GHS724 million, including GHS400 million for additional high-occupancy buses, GHS174 million for railway development and GHS69 million for preparatory works towards establishing a national airline.
In the education sector, Government had allocated GHS48 billion to support teaching, learning and access to education.
The amount includes GHS11.2 billion for the Ghana Education Trust Fund (GETFund), GHS1.37 billion to transform secondary education and eliminate the double-track system, and GHS537 million for the No Fees Stress Policy for first-year tertiary students.
Another GHS292 million would support the distribution of free sanitary pads to schoolgirls, while GHS227 million had been earmarked for teacher trainee allowances.
The health sector would receive GHS40.3 billion, including GHS10.2 billion for the National Health Insurance Scheme and GHS2.6 billion for the Ghana Medical Trust Fund, popularly known as MahamaCares.
Government had also allocated GHS6.8 billion to begin the construction of two specialist hospitals, six regional hospitals, a mother and child centre at the Korle-Bu Teaching Hospital and two district hospitals.
An additional GHS1 billion would support the completion of the Eastern and Western Regional Hospitals, while another GHS1 billion would go towards completing 35 Agenda 111 district hospitals.
Other allocations include GHS200 million for ambulances, GHS100 million for childhood and maternal vaccines and GHS20 million to operationalise the Mental Health Fund.
On social protection, GHS3.4 billion had been allocated to the Ministry of Gender, Children and Social Protection.
The Livelihood Empowerment Against Poverty (LEAP) Programme would receive GHS1.1 billion, while GHS2.1 billion had been earmarked for the School Feeding Programme.
Government had also allocated GHS3.5 billion to the Ministry of Youth Development and Empowerment, including GHS2 billion for youth employment and skills development programmes and GHS1 billion for National Service Personnel allowances.
The Ministry of Food and Agriculture would receive GHS2.9 billion, with GHS800 million earmarked for agricultural machinery under Phase Two of the Farmer Service Centres initiative.
Other agricultural allocations include GHS515 million for fertilisers and certified seeds, GHS500 million for silos, GHS245 million for the Poultry Farm-to-Table Project and GHS200 million for the National Food Buffer Stock Company.
For housing, water and coastal protection, Government had allocated GHS2.5 billion to the Ministry of Works, Housing and Water Resources.
This includes GHS820 million for the Northern Ghana Water System, GHS500 million for the Housing Fund, GHS250 million for the Blekusu Coastal Protection Project and GHS500 million for ongoing sea defence projects.
Dr Forson said the 2027 Budget would not introduce any new taxes.
He said Government would instead focus on improving revenue mobilisation, closing leakages and modernising the tax administration system.
The reforms would include reviews of the Income Tax Act, Revenue Administration Act, Stamp Duty administration and Communications Service Tax framework.
On the macroeconomic outlook, Government is targeting real GDP growth of at least 5.2 per cent in 2027, non-oil GDP growth of 5.7 per cent and end-year inflation of between six and 10 per cent.
The Budget projects an overall fiscal deficit of GHS65.8 billion, equivalent to 3.6 per cent of GDP, on a cash basis, and a primary surplus of GHS9 billion, representing 0.5 per cent of GDP, on a commitment basis.
Government has also provided GHS13.9 billion for the clearance of arrears, including GHS4.3 billion for legacy arrears owed to Independent Power Producers.
GNA
Edited by Beatrice Asamani Savage
12 November 2026