
GHANA’S 2027 BUDGET SPARKS POLITICAL BATTLE AS GOVERNMENT UNVEILS $10 BILLION ‘NEW ECONOMY’ PLAN
Ghana’s 2027 Budget has opened a major political battle in Parliament after Finance Minister Dr Cassiel Ato Forson unveiled a US$10 billion New Economy programme covering 2027 to 2030, with GH¢30 billion earmarked for the first year. The plan targets eight areas including agriculture, energy, critical minerals processing, technology, textiles, pharmaceuticals, tourism and affordable finance, while the government says it will introduce no new taxes. Minority Leader Alexander Afenyo-Markin has described the budget as “stability on paper, hardship in our pockets,” arguing that improved macroeconomic indicators have not translated into lower living costs, employment or sufficient support for businesses. Ghana News Agency