2027 Budget Will Turn Stability Into Jobs — Deputy Finance Minister

Story By: Deborah Adorsu

Government will present the 2027 Budget Statement and Economic Policy to Parliament on November 12, 2026, with a major shift from macroeconomic stabilisation to job creation, productivity and improved living standards.

Deputy Finance Minister, Thomas Nyarko Ampem, announced this on Thursday, October 29, at the launch of the Ghana in Numbers 2025 Report by the Ghana Statistical Service (GSS) in Accra.

According to him, the 2027 Budget to be presented by Finance Minister Dr. Cassiel Ato Baah Forson will advance the next phase of government’s economic agenda under the US$10 billion “New Economy” agenda — moving Ghana from stabilisation to a new economy.

He explained that the new economy will be productive, competitive, diversified, technology-driven and inclusive — one that adds value to Ghana’s resources, supports Ghanaian enterprises, drives innovation and creates opportunities for young people.

Mr. Ampem cited recent gains as the basis: the economy expanded by 6% in 2025 and 6.2% in the first half of 2026, while inflation dropped sharply from 23.8% in December 2024 to 5.2% in September 2026.

Th budget is expected to prioritise decent jobs, higher incomes, local value addition and completion of ongoing infrastructure projects. Economist Prof. Godfred Bokpin has urged government to back the jobs promise with specific employment targets and funding.

The presentation on November 12 will set the spending and policy direction for the 2027 financial year.