Government to launch new economic framework in 2027 budget

Cassiel Ato Forson has announced that the government of John Dramani Mahama will introduce a comprehensive economic framework in the 2027 Budget aimed at attracting investment into critical sectors of the economy and promoting sustainable long-term growth.

The initiative, which he described as a “new economy” agenda, is expected to focus on strategic sectors with the potential to generate lasting returns, create employment opportunities, and expand economic activity across the country.

Speaking at the Ghana-UK Investment Summit 2026, Dr Forson explained that the framework forms part of the government’s broader strategy to direct investment into productive sectors that can accelerate national development and enhance Ghana’s capacity to meet its financial commitments.

According to the Finance Minister, the programme will outline priority investment opportunities in commercial agriculture, value addition in the mining sector, energy development, and transport infrastructure.

He noted that the government intends to concentrate resources on sectors with strong growth prospects and significant multiplier effects capable of driving wider economic transformation.

Dr Forson revealed that the energy component of the framework would include investments in gas-to-power and gas-to-fertiliser projects designed to strengthen energy security and support industrial growth.

He added that major transport projects, including the Western Railway Line and other strategic infrastructure developments, would feature prominently under the initiative.

The Finance Minister indicated that preparations for the framework are at an advanced stage and that it will be officially launched by President Mahama once consultations and final arrangements have been completed.

To support implementation, the government plans to mobilise funding from a variety of international sources, including export credit agencies, hedge funds, and private sector investors.

“We want to attract the kind of UK export finance. We want to attract the kind of hedge funds and businesses that you have so that we can get financing to develop the country,” Dr Forson stated.

The Ghana-UK Investment Summit 2026 brought together government officials, investors, and business leaders from Ghana and the United Kingdom to explore avenues for deeper economic collaboration and increased investment flows between the two countries.