Ghana unveils $10 billion plan as it eyes 5.2% economic growth in 2027
Ghana has announced a $10 billion, four-year economic plan starting in 2027 to boost production, exports, and job creation. The government aims for 5.2% GDP growth and fiscal stability following the completion of an IMF support program.
Why it matters
This plan represents a critical post-IMF recovery phase for Ghana, aiming to transition from debt management to sustainable economic growth.
Ghana plans to invest $10 billion over four years from 2027 in a domestically funded economic programme aimed at expanding production, boosting exports and creating jobs as the government seeks to sustain its recovery.
The Finance Minister Cassiel Ato Forson announced the initiative , called the New Economy programme, on Thursday while presenting the country’s 2027 budget to parliament.
The programme will focus on commercial agriculture, energy infrastructure, technology, textiles and garments, and adding value to critical minerals, among other sectors.
“Government will preserve stability, provide strategic infrastructure, prepare bankable projects and create predictable conditions for enterprise,” Forson told lawmakers.
The government projects gross domestic product growth of 5.2% in 2027, compared with an estimated 4.8% in 2026. It also expects to reduce the fiscal deficit on a cash basis to 3.6% of GDP from 4% this year.
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