By Francis Ntow
Accra, Nov. 12, GNA – Finance Minister Dr Cassiel Ato Baah Forson is expected to unveil a US$10 billion investment programme in the 2027 Budget today, with investors focused on funding plans, fiscal discipline and prospects for sustaining economic growth.
The Budget Statement and Economic Policy, to be presented to Parliament at 1800 hours, is expected to outline Government’s “New Economy” programme, which seeks to mobilise about US$2.5 billion annually between 2027 and 2030 to support production, industrial expansion and job creation.
The presentation is being made on the authority of President John Dramani Mahama in accordance with Article 179 of the Constitution and the Public Financial Management Act, 2016 (Act 921).
The budget comes after Ghana’s completion of the three-year US$3 billion International Monetary Fund Extended Credit Facility programme and its transition to a non-financing Policy Coordinating Instrument arrangement, placing greater emphasis on domestic investment-led growth.
Priority sectors earmarked for investment include agriculture and agro-processing, manufacturing, infrastructure, energy, critical minerals and value addition, textiles and garments, tourism, the creative economy and pharmaceutical manufacturing.
Dr Forson has said the programme aims to expand domestic production, increase local processing of raw materials and improve the competitiveness of Ghanaian firms in local and export markets.
The budget will be presented against a backdrop of improved macroeconomic indicators, with economic growth reaching six per cent in the second quarter of 2026 and annual inflation easing to 5.2 per cent in September.
However, Bank of Ghana data show gross international reserves declined from US$13.83 billion in December 2025 to US$11.07 billion in August 2026, reducing import cover from 5.7 months to 4.2 months.
Markets will be looking for details on how the proposed investments will be financed, their implications for borrowing requirements and debt sustainability, and measures to support private-sector investment while maintaining macroeconomic stability.
Parliament is expected to debate the budget in the coming weeks, with a post-budget workshop scheduled for Ho in the Volta Region.
GNA
Edited by Kenneth Sackey
Reporter: Francis Ntow
Email: [email protected]