Preparations for the 2027 Budget are intensifying, as the government enhances consultations regarding its proposed New Economy programme, which is anticipated to influence the next stage of Ghana’s economic transformation.
The most recent institution to be involved is the National Development Planning Commission (NDPC), which is expected to play a crucial role in monitoring progress and evaluating the implementation of the programme.
Finance Minister Dr. Cassiel Ato Forson revealed this information following a meeting with the NDPC leadership, headed by its Chairman, Dr. Nii Moi Thompson, on Monday, September 7.
Dr. Forson stated that the discussions centered on the New Economy programme and the NDPC’s role in overseeing its execution. The Commission’s participation is expected to establish a framework for assessing whether the government’s priorities are yielding measurable results.
This engagement is part of broader consultations being conducted by the Finance Ministry in preparation for the presentation of the 2027 Budget in November. The Minister has already initiated discussions with key ministries, including the Ministry of Trade, Agribusiness, and Industry, as the government strives to develop the programme.
The New Economy programme aims to propel Ghana beyond mere economic stabilization towards enhanced production, job creation, wealth generation, and sustainable growth. President John Dramani Mahama has indicated that the programme will entail a proposed US$10 billion investment in critical sectors of the economy, with additional details anticipated in the 2027 Budget.
Dr. Forson asserts that economic stability should serve as the bedrock for a more productive economy, with the government aiming to create jobs and bolster an economy driven by domestic production.
The Finance Minister’s recent engagement with the NDPC thus marks a transition from merely outlining the New Economy agenda to establishing mechanisms for tracking the implementation and measurement of its priorities.
