Government Announces US$10 Billion Investment In New Economy Programme From 2027 To 2030

Story By: Zainab Ali

The Government of Ghana has announced plans to invest the equivalent of US$10 billion in its New Economy Programme between 2027 and 2030, as part of an ambitious strategy to transform the country’s economy, strengthen local industries and create employment opportunities.

Finance Minister Dr Cassiel Ato Forson announced the initiative while presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.

According to the Finance Minister, the four-year programme is designed to move Ghana beyond economic stabilisation towards increased domestic production, industrial development, export growth and job creation.

The programme will focus on eight key areas: macroeconomic stability and affordable financing, commercial agriculture, energy infrastructure, value addition to critical minerals, tourism and creative arts, textiles and garments, pharmaceuticals and biomanufacturing, as well as the technology economy.

Government has earmarked GH¢30 billion for the programme in 2027, representing approximately 1.5 per cent of Gross Domestic Product.
The funding is expected to come from adjustments to the country’s primary surplus target and revenue generated through tax reforms and improved tax compliance.

The initiative is also expected to reduce Ghana’s dependence on imported goods, strengthen local businesses and create opportunities for the private sector to play a leading role in economic growth.

The success of the programme will, however, depend on effective implementation, accountability and the ability of the investments to translate into tangible improvements in the lives of ordinary Ghanaians.