Omanghana
Finance Minister Dr Cassiel Ato Forson will present Ghana’s 2027 Budget Statement and Economic Policy to Parliament on November 12, 2026, as the government seeks to translate economic stabilization into jobs, higher incomes and increased production.
Deputy Finance Minister Thomas Nyarko Ampem announced the date at the launch of the Ghana Statistical Service’s Ghana in Numbers report in Accra. He said the budget would outline the next phase of the government’s economic agenda.
From Stability to Economic Opportunities
Ampem said Ghana must build a more productive, competitive and technology-driven economy, with greater emphasis on processing local resources and supporting businesses.
“Stability is the foundation. Productivity is the engine. Jobs and prosperity must be the destination,” he said.
He cited economic growth of 6.2 per cent in the first half of 2026 and inflation of 5.2 per cent in September, arguing that improved macroeconomic conditions should deliver opportunities for households and young people.
The government’s stated direction includes moving beyond raw material exports towards higher-value goods and encouraging entrepreneurship and innovation.
Production and Investment Priorities
The proposed New Economy program is expected to feature prominently in the budget. Areas identified in the emerging policy framework include commercial agriculture, agro-processing, energy, critical minerals, textiles, tourism and the creative industries.
Allocations to complete ongoing infrastructure projects are also expected. However, the final spending commitments, tax measures and implementation arrangements will become clear when the budget is presented.
The proposed theme, “New Economy, New Ghana: Jobs and Prosperity,” has not yet been formally confirmed.
GH¢1 Billion Planned for Housing Fund
Ahead of the presentation, President John Dramani Mahama has directed the Finance Minister to provide GH¢1 billion in the 2027 Budget as the government’s contribution to a proposed GH¢3 billion revolving National Housing Fund.
The initiative aims to expand affordable housing finance and improve access for households, including informal sector workers who may lack conventional employment records required by mortgage providers.
Public Sector Pay Agreement Reached
The budget preparations follow a two-year remuneration agreement between the government and Organized Labor covering workers under the Single Spine Salary Structure.
For 2027, the agreement provides an 8 per cent increase in base pay, with an additional 1 per cent allocated to Conditions of Service, described by the Fair Wages and Salaries Commission as a 9 per cent increase in total remuneration.
A further 10 per cent base pay increase is scheduled for 2028. The arrangement is intended to improve income predictability while supporting public expenditure planning.
Dr Forson’s presentation is expected to explain how the government will finance its growth and employment priorities while maintaining fiscal discipline and debt sustainability.
Source: Omanghana
