The government of Ghana has earmarked GH¢30 billion for its proposed New Economy Programme in 2027, a major capital injection aimed at overhauling the country’s economic structure, boosting exports and tackling unemployment.
Delivering the 2027 Budget Statement to Parliament, Finance Minister Dr Ato Forson explained that the funding—equivalent to 1.5 per cent of the nation’s Gross Domestic Product (GDP)—will anchor a broader four-year transformation agenda running through to 2030.
“Mr Speaker, in 2027, we will invest 1.5 per cent of GDP, equivalent to 30 billion Ghana cedis in the New Economy,” Dr Forson told lawmakers.
The capital is slated for productive infrastructure, local industries and strategic growth sectors designed to help businesses scale up. According to the Finance Minister, the overarching goal is to shift away from abstract macroeconomic figures toward direct, everyday improvements for citizens.
“A young Ghanaian will see economic growth reflected in jobs, wages and opportunities. We judge growth by the jobs it creates, the income it raises, and the productive capacity it leaves behind,” he said.
To guard against waste and ensure fiscal discipline, Dr Forson noted that all initiatives under the scheme will be subjected to strict appraisal and value-for-money audits before funds are disbursed.
“Our commitment will be budgeted, authorised and transparently reported,” he assured Parliament.
By: Rainbowradioonline.com/Ghana