Finance Minister Cassiel Ato Forson has unveiled an ambitious plan for Ghana’s economic transformation, announcing that the government will invest the equivalent of US$10 billion between 2027 and 2030 to build a modern, job-focused economy for lasting prosperity.
Presenting the 2027 Budget in Parliament on November 12, 2026, Dr. Forson detailed the eight pillars underpinning the government’s ‘New Economy’ agenda. These pillars include macroeconomic stability and affordable finance; commercial agriculture; energy infrastructure; critical minerals value addition; tourism, culture and creative arts; textiles and garments; pharmaceuticals and manufacturing, including biomanufacturing; and the technology economy.
Dr. Forson explained that these sectors have been designed to function as an integrated system, each reinforcing the growth and productivity of the others. He emphasized, “Affordable finance must reach farmers, manufacturers and exporters. Agriculture must supply food and industrial raw materials, while reliable energy must support a 24-hour economy.”
He further highlighted plans to develop the pharmaceutical and biomanufacturing sectors to boost domestic production of medicines and vaccines, enhance health security, and supply markets across Africa.
Calling for a united effort, Dr. Forson urged Ghanaians to choose wisely between short-term spending and long-term investment. “We can spend the recovery as though history has taught us nothing, or invest in it,” he said, encouraging the nation to back the New Economy agenda for a brighter future.
Source: Apexnewsgh.com