Finance Minister Dr Cassiel Ato Forson has hinted that the 2027 Budget will be presented to Parliament in the first week of November 2026 as the government intensifies preparations for its next phase of economic growth.
Dr Ato Forson disclosed this in an interview with Ahenfia FM in Kumasi, where he outlined some of the government’s plans for the upcoming fiscal year.
According to the Finance Minister, the 2027 Budget will focus heavily on infrastructure development, job creation and measures to support businesses as the government seeks to move the economy into a stronger growth phase.
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He said the government would announce plans for major infrastructure projects alongside new policy initiatives aimed at creating more employment opportunities.
Dr Ato Forson also indicated that fresh incentives would be introduced to support businesses and enable them to expand into new areas.
The Finance Minister said these measures form part of a broader government strategy to transition from economic stabilisation to stronger and more sustainable growth.
He explained that the government had spent the first two years of the administration concentrating on stabilising the economy and creating the conditions necessary for expansion.
The next phase, he said, would focus on stimulating economic activity, supporting businesses and accelerating development through strategic investments.
Dr Ato Forson said details of the programmes, incentives and policy measures would be contained in the 2027 Budget when it is presented to Parliament.
He also linked the planned initiatives to the government’s new economic programme, under which it intends to invest about US$10 billion to stimulate economic activity and support growth.
Preparations for the 2027 Budget are already underway, with the Finance Minister engaging key ministries, departments and agencies ahead of the budget hearings.
The consultations are expected to help government identify priority sectors, projects and investment opportunities that can contribute to the next phase of economic growth.
Some ministries have already appeared before the Finance Ministry to justify their proposed expenditure for 2027 as part of the budget preparation process.
The engagements are expected to inform the government’s allocation of resources and ensure that spending priorities are aligned with its economic programme.
The planned November presentation is consistent with Ghana’s public financial management framework, which requires the Finance Minister to present the budget for the following financial year to Parliament no later than November 15.
This means the 2027 Budget must be presented before the end of 2026 to allow Parliament adequate time to scrutinise and approve the government’s proposed expenditure.
The process is also intended to ensure that government has the necessary legal authority to undertake public expenditure from January 1, 2027, when the new financial year begins.
If the November timeline is maintained, Parliament will have several weeks to consider the proposals, debate the government’s economic priorities and approve the necessary expenditure before the commencement of the 2027 financial year.