Friday, 13 November

Govt to invest US$10bn in eight sectors under new economy agenda - Ato Forson

News
Dr Cassiel Ato Forson

The Finance Minister, Cassiel Ato Forson, says the government will invest the equivalent of US$10 billion between 2027 and 2030 to build what he describes as a modern Ghanaian economy focused on job creation and prosperity.

Presenting the 2027 Budget in Parliament on November 12, 2026, he outlined eight pillars of the government's 'New Economy' agenda.

They are macroeconomic stability and affordable finance; commercial agriculture; energy infrastructure; critical minerals value addition; tourism, culture and creative arts; textiles and garments; pharmaceuticals and manufacturing, including biomanufacturing; and the technology economy.

Mr Forson said the sectors would operate as an integrated productive system, with each supporting the growth of the others.

“Affordable finance must reach farmers, manufacturers and exporters. Agriculture must supply food and industrial raw materials, while reliable energy must support a 24-hour economy,” he said.

He said the pharmaceutical and biomanufacturing sectors would also be developed to increase domestic production of medicines and vaccines, strengthen health security and supply markets across Africa.

Calling for national support for the agenda, Mr Forson urged Ghanaians to choose between spending the economic recovery and investing in the country's future.

“We can spend the recovery as though history has taught us nothing, or invest in it,” he said.

Source: classfmonline.com