The government is expected to present the 2027 Budget to Parliament on November 12, 2026, with a renewed focus on transforming Ghana’s economy from stabilisation towards increased productivity, competitiveness and technology-driven growth.
Deputy Finance Minister Thomas Nyarko Ampem says the upcoming budget will outline the next phase of the government’s economic agenda, with emphasis on translating recent macroeconomic improvements into job creation, higher incomes and better living standards.
Speaking at the launch of Ghana in Numbers 2025 in Accra, Mr Ampem said economic stability must now provide the foundation for expanding productive activities and creating sustainable opportunities for Ghanaians.
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“Stability is the foundation. Productivity is the engine. Jobs and prosperity must be the destination,” he stated.
The Deputy Finance Minister noted that Ghana’s economy recorded a growth rate of 6 per cent in 2025 and expanded by 6.2 per cent in the first half of 2026.
He also highlighted the decline in inflation, which fell from 23.8 per cent in December 2024 to 5.2 per cent in September 2026, describing the economic developments as an important foundation for the next phase of the government’s policy agenda.
According to him, the priority of the 2027 Budget will be to ensure that economic stability translates into tangible benefits for businesses, workers and households.
Mr Ampem said the government would focus on policies that promote value addition, strengthen local businesses and expand economic opportunities, particularly for young people.
He argued that Ghana must reduce its dependence on exporting raw materials and build stronger domestic capacity to process resources, manufacture products and compete in international markets.
“We must move from exporting raw materials to exporting value and from producing job seekers to nurturing innovators, entrepreneurs and job creators,” he said.
The proposed shift towards a more productive economy is expected to place greater emphasis on entrepreneurship, innovation, technology and industrial development.
The 2027 Budget is therefore expected to outline measures aimed at strengthening the productive sectors, supporting businesses and creating employment opportunities as government seeks to consolidate economic stability.
The November 12 presentation will provide Parliament and the public with further details of the government’s spending priorities, revenue projections and policy interventions for the 2027 fiscal year.