Ghana’s 2027 Budget, christened ‘The New Economy’. is expected to be presented to Parliament at 6 pm on Thursday, November 12.
Speaker of Parliament, Alban Bagbin, says the adjustment to an evening sitting follows a request by the Finance Minister, which he has approved after being given compelling reasons.
“There is a request which I granted the Minister for Finance that the budget which is to be presented on Thursday be presented in the evening and he gave good reasons why he wants it to be presented in the evening. So, on Thursday, we will definitely adjust so that members don’t sit too early, so that by the time he comes you are already fatigued. And so Parliament may sit on Thursday around 6pm so that we can prepare for his attendance,” he stated.
The 2027 Budget is expected to outline the government’s economic priorities and policy direction, with a focus on shaping a new economy, driving growth, creating jobs and improving the livelihoods of Ghanaians.
Ahead of the presentation, Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Robert Darko Osei asked the government to raise capital spending in the 2027 budget to improve infrastructure and business productivity. He directs the Institute of Statistical, Social and Economic Research (ISSER).
On JoyNews’ PM Express Business Edition, Osei said spending on capital projects missed its target by more than 40 per cent during the first half of 2026, as project cuts helped the state meet fiscal consolidation goals.
“We were down by the target by over 40 percent in terms of the capital expenditures, which clearly is not consistent with a big push to try and beef up infrastructure,” he said.
He warned that leaning on capital spending cuts to balance the books undermines the physical infrastructure required to lower business operating costs and conflicts with the administration’s US$9 billion ‘New Economy’ plan for 2027–2030.
“We are not doing the infrastructure for the sake of infrastructure. We are doing the infrastructure to support the ecosystem within which businesses operate,” Osei noted.
With Ato Forson briefing traditional leaders on the 2027 budget and the government working within tight fiscal strategy and IMF budget rules, the ISSER director urged authorities to channel more of the resulting fiscal space into productive public investments.
However, he cautioned that higher capital allocations must be matched by strict project monitoring, accountability and value-for-money checks.
“It is not just the number of or the amount of cedis that we spend. It is also the efficiency of the spending,” Osei stressed.
