2027 budget: We’ll invest GH¢30 billion in new economy in 2027 – Finance Minister

Finance Minister Dr Cassiel Ato Forson has announced that the government will invest GH¢30 billion in the country’s New Economy in 2027 as part of efforts to drive economic transformation, expand businesses, increase exports and create employment opportunities.

Presenting the 2027 Budget Statement and Economic Policy to Parliament, Dr Forson said the investment would provide the foundation for building a stronger and more competitive economy.

He explained that the proposed investment forms part of the government’s broader strategy to strengthen key sectors of the economy and create an environment that supports business growth and job creation.

“Next year, we will invest GH¢30 billion into the New Economy, which will finance the foundation for economic transformation needed to expand businesses, increase exports and create jobs,” he stated.

The Finance Minister further outlined the government’s ambition to reduce the cost of borrowing for businesses, noting that bringing the cost of capital into single digits would be a key objective under the New Economy agenda.

According to him, the initiative is expected to support businesses, improve access to affordable financing and strengthen the country’s productive capacity.

The New Economy agenda is anchored on eight pillars, which are expected to guide the government’s efforts towards transforming the economy and creating opportunities for businesses and the wider population.

The proposed GH¢30 billion investment signals the government’s commitment to using strategic investments to stimulate economic activities, support the private sector and create sustainable employment opportunities.

The announcement formed part of the Finance Minister’s presentation of the 2027 Budget, which outlined the government’s economic priorities and development plans for the coming year.