Government will present two major policy documents tomorrow as part of the 2027 Budget presentation.
The first will be the budget document itself, while the second will be a comprehensive document outlining the government’s New Economy programme, a four-year plan aimed at fundamentally transforming the structure of Ghana’s economy.
The New Economy programme is expected to require the cedi equivalent of US$10 billion over the next four years and is intended to provide a broader framework for the government’s economic transformation agenda.
It will also serve as the anchor for flagship initiatives such as the 24-hour economy, which remains a key government priority.
3news is learning that the New Economy programme is not a replacement for the 24-hour economy but rather a framework within which the initiative will be implemented.
The 2027 Budget document is expected to provide updated fiscal and economic figures, with government set to present data up to October this time, rather than September as has been the practice previously.
In some instances, the document will also include end-of-year figures for 2025, providing a more comprehensive picture of the country’s fiscal performance.
Another significant piece of information ahead of the budget presentation is that government is not expected to introduce any new taxes.
On infrastructure, government is expected to undertake the sod-cutting ceremony for the Accra-Kumasi Expressway before the end of 2026, marking a major step towards the commencement of the project.
The Finance Minister is also expected to announce the next infrastructure project to benefit from oil revenues and royalties.
Meanwhile, allocations under the government’s Big Push programme will continue to be directed towards road infrastructure projects, maintaining the initiative’s focus on addressing the country’s road development needs.
In another major policy area, the Women’s Development Bank is expected to begin full operations next year. The institution is intended to operate as a properly structured financial institution with strong governance arrangements.
The bank’s operationalisation is expected to form part of government’s broader efforts to strengthen access to financing, while the New Economy programme will provide the overarching direction for its four-year economic transformation agenda.
With the 2027 Budget and the accompanying New Economy document, government is expected to set out both its immediate fiscal priorities and its longer-term vision for restructuring the economy.
By Christian Yalley
