Government has proposed GH¢30 billion for its New Economy programme in 2027, setting out the first year of a four-year investment plan aimed at increasing production, exports and employment.
Finance Minister Dr Cassiel Ato Forson announced the proposal when he presented the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.
The programme is expected to involve US$10 billion in investment between 2027 and 2030. Its priorities include commercial agriculture, energy infrastructure, minerals processing, textiles, pharmaceuticals, technology, tourism and the creative arts.
According to the budget statement, financing will come from a reduction in the primary surplus target and additional revenue expected from approved tax reforms and stronger compliance.
The proposed funding represents planned investment rather than money already spent. Government says each project will undergo appraisal and value-for-money checks, with commitments budgeted, authorised and publicly reported.
Commercial agriculture is earmarked for US$3 billion under the wider programme. Planned interventions include irrigation, mechanisation, storage, processing and stronger links between farmers and markets.
The agriculture component covers commodities including rice, maize, soya, sugar and poultry, alongside aquaculture and cocoa processing.
Government also intends to work with development finance institutions and participating lenders to improve access to financing for productive businesses. Proposed measures include equipment leasing, credit guarantees and export financing.
The programme places business expansion and job creation at the centre of the government’s next phase of economic policy, with delivery dependent on financing, project selection and implementation.
