Finance Minister, Dr Cassiel Ato Forson has explained the connections among the pillars of Ghana’s New Economy.
The Finance Minister said affordable financing would be made accessible to farmers, manufacturers and exporters, while agriculture would provide food and raw materials for industrial production.
He said reliable energy infrastructure would support the government’s 24-Hour Economy agenda, while Ghana’s mineral resources and cocoa would be processed locally to increase their value before export.
On tourism, culture and creative arts, Dr Forson said the government intended to turn the country’s heritage and creativity into thriving businesses, employment opportunities and foreign exchange.
He added that the textiles and garments sector would be strengthened to expand local production, create jobs and connect Ghanaian skills and enterprises to international fashion markets.
The pharmaceuticals and bio-manufacturing pillar, he said, would focus on increasing local production of medicines and vaccines, strengthening health security and supplying markets across Africa.
Dr Forson further noted that the technology economy would expand opportunities for employment and foreign exchange, while improved rural connectivity would enable people in every region to participate in the New Economy.
He stressed that the eight pillars were interconnected and would collectively support the government’s broader ambition of building a more productive and diversified economy.
Outlining the eight interconnected pillars underpinning the government’s New Economy Programme, he said they are macroeconomic stability and affordable finance; commercial agriculture; energy infrastructure; critical minerals value addition; tourism, culture and creative arts; textiles and garments; pharmaceuticals and bio-manufacturing; and the technology economy.
These are aimed at transforming Ghana’s productive sectors, creating jobs and expanding economic opportunities.
Presenting the 2027 Budget Statement to Parliament, Dr Forson said the programme was designed as an integrated system in which the various sectors would complement one another to drive economic growth.
