Ghana’s US$10 billion New Economy programme to create jobs, says Finance Minister
Finance Minister Dr. Cassiel Ato Forson announced a US$10 billion New Economy programme that will run from 2027 to 2030.
In Brief
- •Finance Minister Dr. Cassiel Ato Forson announced a US$10 billion New Economy programme that will run from 2027 to 2030.
- •The programme aims to expand domestic production, increase local processing of raw materials, and boost Ghanaian firms’ sales at home and abroad.
- •The 2027 Budget, to be presented on 12 November 2026, will detail investment priorities and financing plans.
- •Ghana’s economy grew 6.0% in Q2 2026 and inflation stood at 5.2% in September.
- •The programme follows the completion of Ghana’s IMF‑supported lending programme review in July 2026.
Why It Matters
The New Economy programme represents a strategic shift from mere economic recovery to sustainable job creation and income growth, particularly for young people and farmers. By prioritising local processing and market expansion, the initiative seeks to deepen Ghana’s industrial base and reduce reliance on raw material exports, potentially boosting long‑term competitiveness and resilience in the face of global commodity volatility.
Key Details
- Program Duration
- 2027-2030
- Total Investment
- US$10 billion
- Budget Presentation Date
- 12 November 2026
- Q2 2026 GDP Growth
- 6.0%
- September 2026 Inflation
- 5.2%
Original Reporting & Sources
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