Finance Minister Dr Cassiel Ato Forson has described the government’s New Economy programme as a four-year plan to transform the structure of Ghana’s economy.
He made the remarks during a meeting with the National House of Chiefs, where he outlined the programme’s central vision to the traditional leaders.
“The New Economy is the Government of Ghana’s four-year programme to transform the structure of the Ghanaian economy,” he said.
The President of the Nati onal House of Chiefs, Ogyeahoho Yaw Gyebi II, thanked Dr Forson for his work on the economy, describing him as a “hardworking finance minister”.
He also expressed the hope that the upcoming Budget would address “youth unemployment”.
The programme will be unveiled on Thursday, 12 November 2026, during the presentation of the 2027 Budget.
Background
In its manifesto, the National Democratic Congress (NDC) government identified economic stabilisation as its initial priority, with a transition to broader economic transformation to follow. Dr Forson has said stabilisation was only meant to provide the foundation for a more ambitious transformation of the productive economy.
He has said the New Economy agenda is meant to shift the government’s focus from macroeconomic stabilisation to domestic production and job creation. It will strengthen local production, reduce reliance on imported goods, and create more employment by directing investment towards productive sectors, he has said. He has described it as a decisive shift towards a productive, job-creating, and prosperous nation.
Reports have described it as a $10 billion programme. Dr Forson presented it to the Association of Ghana Industries on 27 September 2026 and has held consultations on it with key ministries, including Trade. In September, he said the National Development Planning Commission (NDPC) would monitor the rollout.
