Government is committing GH¢30 billion to its proposed New Economy Programme in 2027, as part of efforts to transform Ghana’s economic structure, expand businesses and create jobs.

Presenting the 2027 Budget Statement in Parliament, Finance Minister Dr Ato Forson said the allocation represents 1.5 per cent of Gross Domestic Product (GDP) and will provide the foundation for the country’s economic transformation agenda.

“Mr Speaker, in 2027, we will invest 1.5 per cent of GDP, equivalent to 30 billion Ghana cedis in the New Economy,” he told Parliament.

He said the investment will support productive infrastructure, industries and other strategic sectors to expand businesses, increase exports and create employment opportunities.

According to Dr Forson, the programme is intended to ensure that economic growth translates into tangible benefits for Ghanaians.

“A young Ghanaian will see economic growth reflected in jobs, wages and opportunities. We judge growth by the jobs it creates, the income it raises, and the productive capacity it leaves behind,” he said.

The Finance Minister added that every project under the programme will undergo rigorous appraisal and value-for-money assessments to ensure accountability.

“Our commitment will be budgeted, authorised and transparently reported,” he assured Parliament.

The GH¢30 billion allocation will form part of government's broader four-year New Economy Programme, which runs from 2027 to 2030.

Add MyJoyOnline as a preferred source on GoogleSee more of our stories when you search on Google. (opens in a new tab)

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

Government commits GH¢30bn to New Economy Programme in 2027

Suggested for you

More Stories

&#39;It feels amazing to score my first goal&#39;- Jonas Adjetey

Government to invest $1bn in Pwalugu multipurpose dam, first phase expected by 2029

Bank of Ghana Launches Cedi Heritage Series, New Banknotes to Circulate from December 1

Government targets self-sufficiency in sugar production by 2030

2027: Tinubu will lose if he contests against anybody picked on street — Dalung

Gov&#8217;t targets aquaculture expansion to address 500,000-tonne fish supply gap &#8211; Finance Minister

Discussion

'It feels amazing to score my first goal'- Jonas Adjetey

Gov’t targets aquaculture expansion to address 500,000-tonne fish supply gap – Finance Minister