Ghana begins preparations for $10bn New Economy programme
Finance Minister Cassiel Ato Forson has begun consultations with key ministries ahead of the programme’s planned rollout. The government says it will target jobs, wealth creation and growth driven by domestic production, but has yet to disclose its funding arrangements.
Ghana’s government has begun preparations for a proposed $10bn economic transformation programme aimed at creating jobs, expanding domestic production and generating sustainable growth.
Finance Minister Dr Cassiel Ato Forson has opened consultations with key ministries ahead of the New Economy programme, whose full details are expected to be presented in the 2027 Budget in November.
President John Dramani Mahama has said the programme will involve a $10bn investment in major sectors of the economy.
The government has not yet identified all the sectors that will benefit, explained how the investment will be financed or provided a timetable for implementing the programme.
Dr Ato Forson, accompanied by his deputy, the Finance Ministry’s chief director and other senior officials, held talks with Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare and officials from her ministry.
The meeting formed part of consultations intended to shape the programme before its formal unveiling.
The government says the initiative is designed to move Ghana beyond economic stabilisation and towards a period of job creation, wealth generation and sustained economic expansion.
Presenting the 2026 Mid-Year Fiscal Policy Review, Dr Ato Forson said the government wanted to build an economy that could withstand external pressures while relying more heavily on goods and services produced in Ghana.
“Through the New Economy agenda that we will unveil, we will build an economy that does not merely withstand shocks but creates jobs, generates wealth and grows on the strength of what Ghana produces,” he said.
“Stabilisation was never the destination. It was the price of entry. Ghana has paid that price. What comes next is the work that changes lives at scale the work of transformation.”
The statement frames the programme as the next stage of the government’s economic agenda, following its focus on stabilising public finances and the wider economy.
The consultations are expected to involve other key ministries as the government develops the final programme.
Attention will now turn to the 2027 Budget in November, when President Mahama says the government will disclose the full details of the New Economy initiative.