Ghana has unveiled a $10 billion investment programme spanning four years from 2027, targeting increased production, expanded exports and job creation through strategic investments in agriculture, energy, technology, textiles and critical minerals, Finance Minister Cassiel Ato Forson has announced.
Forson disclosed the plan on Thursday while presenting the country’s 2027 budget to Parliament, saying the initiative would focus on commercial agriculture, energy infrastructure, technology, textiles and garments, and value addition in critical minerals.
He said the government would provide strategic infrastructure, develop viable investment projects and create a stable business environment to support private enterprise.
“Government will preserve stability, provide strategic infrastructure, prepare bankable projects and create predictable conditions for enterprise,” he said.
The 2027 budget projects economic growth of 5.2 per cent next year, compared with 4.8 per cent in 2026.
It also forecasts a reduction in the fiscal deficit, on a cash basis, to 3.6 per cent of gross domestic product (GDP), from four per cent in 2026, while targeting inflation of eight per cent, with a margin of two percentage points either way.
The budget is Ghana’s first since completing a $3 billion support programme with the International Monetary Fund (IMF), which helped stabilise the economy.
The West African country sought IMF assistance in 2022 after rising debt-servicing costs, years of excessive government spending, the COVID-19 pandemic, Russia’s invasion of Ukraine and high global interest rates placed severe pressure on its finances.
Inflation, which reached 54.1 per cent in December 2022, declined significantly during the three-year programme, falling to 3.2 per cent in March 2026, although it has risen slightly since then.
Forson also announced plans to redeem GH¢29 billion ($2.48 billion) in Domestic Debt Exchange Programme bonds due in February 2027, with the repayment taking effect immediately.
He said the government would also repay, by December 31, the second Eurobond restructured in 2024, which is due to mature in January 2027.
The early repayments are expected to retire more than GH¢36 billion in government debt ahead of schedule.
Ghana continues to engage with the IMF under a three-year Policy Coordination Instrument, which provides for regular assessments of economic policies and reforms but does not involve financial assistance.
The arrangement is also intended to demonstrate the government’s commitment to economic reforms and strengthen investor confidence.
