Gov’t to unveil ‘New Economy’ plan in 2027 Budget

The government is set to roll out a four-year economic transformation programme, known as the New Economy, through the 2027 Budget Statement and Economic Policy.

Minister of State in charge of Government Communications, Felix Kwakye Ofosu, announced that the initiative would be presented by Finance Minister Dr Cassiel Ato Forson when he delivers the 2027 Budget to Parliament on Thursday, November 12, 2026.

In a Facebook post, Mr Kwakye Ofosu said the programme would focus on significant investments in productive sectors of the economy as part of efforts to reshape Ghana’s economic structure over the next four years.

He described the initiative as a comprehensive plan aimed at driving economic transformation, although he did not outline the specific sectors to benefit or the nature of the investments.

The announcement comes ahead of the Finance Minister’s presentation of the government’s economic priorities, revenue and expenditure projections, and policy measures for the 2027 fiscal year.

Meanwhile, Mr Kwakye Ofosu disclosed that renovation works on Terminal 2 of the Accra International Airport have reached 80 per cent completion.

He did not provide further details on the expected completion date or when the terminal would resume full operations.