President John Mahama has announced plans to invest $9 billion in Ghana's economy between 2027 and 2030. This investment aims to drive economic transformation over the four-year period. The announcement was made at the 2026 Hogbetsotso Festival in Anloga, Volta Region, on November 7. President Mahama stated that the Minister of Finance will present the 2027 budget, outlining the plan for the new economy.
The proposed investment will focus on initiatives that drive economic transformation and job creation. President Mahama noted that the 2027 Budget Statement and Economic Policy, to be presented by Finance Minister Cassiel Ato Forson, will outline the government's economic priorities. The budget presentation is expected to highlight inflation drops and economic progress. Deputy Finance Minister has stated that the 2027 Budget aims to turn economic stability into jobs.
President Mahama's economic plan, dubbed the "new economy," seeks to boost Ghana's economic fortunes. The investment will target key sectors of the economy. According to President Mahama, the plan will be outlined in the 2027 budget presentation. The government's economic priorities will focus on job creation and economic growth.
The $9 billion investment plan has been well-received by some sections of the economy. The International Monetary Fund (IMF) has stated that Ghana's 2027 Budget is built on strong foundations. Economist Theo Acheampong noted that the 2027 Budget will set out inflation and growth outlook.
The 2027 budget presentation, scheduled for November 12, is expected to prioritize jobs, productivity, and higher incomes. Finance Minister Cassiel Ato Forson will present the budget on behalf of President Mahama. The budget will outline the government's plans for economic growth and development.
President Mahama's government has been working to stabilize and transform Ghana's economy. The President has stated that the Volta Region will benefit greatly from the 2027 budget. The government's economic plans have been welcomed by various stakeholders, including the Ghana Journalists Association.
The investment plan is part of President Mahama's efforts to drive economic growth and transformation in Ghana. The government aims to attain an investment-grade rating through the "new economy" plan. President Mahama has also earmarked GH¢10m for the Media Development Fund in the 2027 budget.
Key points
- President John Mahama targets $9 billion investment to drive economic transformation in Ghana by 2030.
- The investment will focus on job creation and economic growth.
- The 2027 budget presentation will outline the government's economic priorities and development agenda.
