GOVERNMENT TO INVEST US$10 BILLION IN FOUR-YEAR ECONOMIC TRANSFORMATION PROGRAMME – ATO FORSON
Finance Minister Dr Cassiel Ato Forson has announced that the government will invest the equivalent of US$10 billion between 2027 and 2030 in a major economic transformation programme aimed at building a modern Ghanaian economy driven by jobs and prosperity.
Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026, Dr Forson said the government had a moral responsibility to build a strong and sustainable economy that would serve the needs of future generations.
He stressed the need for Ghana to use its available fiscal space wisely to address longstanding structural weaknesses and create better economic opportunities for its citizens.
According to the Finance Minister, the country remains heavily dependent on raw material exports, with limited local value addition and inadequate opportunities for productive employment.
He noted that the economic transformation envisioned by Ghana’s first President, Dr Kwame Nkrumah, remained largely unfulfilled, making it necessary for the country to reconsider its economic priorities.
Dr Forson said Ghana’s 70th anniversary of independence should mark a turning point in the country’s development journey.
He announced that the government’s four-year economic programme, dubbed The New Economy, would commence in 2027 and focus on transforming the structure of the Ghanaian economy.
The programme is expected to expand domestic production, increase the local processing of raw materials and transform the country’s natural resources into decent jobs, higher incomes and sustainable prosperity.
“As Ghana turns 70, we owe the next generation an economy worthy of the freedom we inherited and the sacrifices our people have made,” he said.
The Finance Minister called for a fundamental change in the country’s thinking, priorities and actions as Ghana prepares to begin the next 70 years of its national journey.
He said the ultimate goal should be to build a fully developed, first-world Ghana capable of delivering lasting prosperity for its citizens.
