Under its ‘New Economy’ programme, the government is aiming for real GDP growth of around 8% and an unemployment rate of less than 8% by 2030, Finance Minister Dr Cassiel Ato Forson has revealed. For 2027, government is eyeing inflation of 8%, staying committed to keeping price rises in single digits. On the debt front, government hopes to cut public debt to 45% of GDP in 2027, from a provisional 47.5% recorded in October 2026.
In terms of infrastructure, the Minister disclosed that government will construct 10 regional stadiums nationwide to expand sporting prospects in every region. He also revealed that government will finish a new National Theatre in Kumasi in the Ashanti Region. He said the facility will act as a hub for cultural shows, conferences and other creative sector engagements.The Minister also unveiled plans to put up a 1,450-megawatt state-owned thermal power plant alongside a 600MW solar power plant. He noted that the projects are part of efforts to boost the nation’s energy reliability and drive industrial expansion.
Ministry Allocations for 2027:Agriculture and Food Security: GH¢2.9bn
Fisheries and Aquaculture: GH¢400m
Energy and Electricity: GH¢3.1bn
Roads and Transport: GH¢11.3bn
Housing, Water and Coastal Protection: GH¢2.5bn
Education and Learning: GH¢48bn
Health and Infrastructure: GH¢40.3bn
Social Protection: GH¢3.4bn
Youth and Skills Development: GH¢3.5bn
Sports and Recreation: GH¢782m
Local Government: GH¢17.6bn
Industry, Science and Natural Resources: GH¢188m
Tourism and Digital Development: GH¢186m
Security, Jobs and Accountability: GH¢10.1bn
Foreign Affairs and Diplomacy: GH¢1.9bn
Retirement Benefits and Past Obligations: GH¢4.15bn
