Ghana’s Finance Minister, Dr Cassiel Ato Forson, has outlined an ambitious vision to transform the nation’s economy by boosting local production, cutting back on imports, and generating jobs.
Meeting with leaders from the Association of Ghana Industries and top business figures, Dr Forson declared, “Our mission is to produce more of what we consume and create more jobs here at home.”
He challenged the country to see every imported product as a call to action: “Every import is an opportunity to ask: why can’t we make it in Ghana?”
This shift in thinking is at the heart of the government’s New Economy programme, which aims to channel investment into productive sectors and build a more self-reliant, prosperous nation. “That is the promise of the New Economy: Ghana producing. Ghanaians working. Prosperity growing!” Dr Forson emphasized.
The programme, set to launch with the 2027 Budget, will deploy around US$1.6 billion, about one percent of Ghana’s GDP, into key sectors. The focus will be on commercial agriculture, adding value to mining, and expanding energy and transport infrastructure. These areas are seen as engines for sustainable growth and job creation, with investments designed to strengthen the economy and generate returns for future development.
In particular, Dr Forson highlighted plans for the energy sector, such as gas-to-power and gas-to-fertilizer projects, aimed at bolstering energy security and supporting industry. The transport sector is also in the spotlight, with the Western Railway Line and other strategic projects poised for potential support.
While details are still being finalized, Dr Forson assured that the New Economy blueprint would be unveiled alongside the 2027 Budget, promising more opportunities for the private sector and a new era of growth for Ghana.
Source: Apexnewsgh.com