THE government has unveiled a $10 billion economic transformation programme aimed at breaking Ghana’s recurring cycle of economic crises, accelerating industrialisation and creating sustainable jobs over the next four years.
The initiative, known as the New Economy Programme, will be implemented through eight pillars, with an initial investment of GH¢30 billion, representing 1.5 per cent of Gross Domestic Product (GDP), in 2027.
Presenting the 2027 Budget Statement and Economic Policy to Parliament in Accra yesterday, the Finance Minister, Dr Cassiel Ato Baah Forson, said the investment would be sustained annually until 2030.
He said the programme was designed to move the country beyond economic recovery towards a resilient and productive economy capable of generating jobs, increasing incomes, expanding exports and improving living conditions.
Under the theme, “The New Economy”, Dr Forson said Ghana could no longer afford the recurring cycle of economic expansion followed by instability, currency depreciation, high inflation and painful fiscal adjustments.
He said the economic stability achieved after the 2022 crisis provided an opportunity to redirect resources into productive investments.
“Ghana must decide what to do with our breathing space. That decision will shape the lives of millions of Ghanaians,” he said. Read More
BY CLIFF EKUFUL, KINGSLEY ASARE & JULIUS YAO PETETSI
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