Finance Minister Dr Cassiel Ato Forson has told the National House of Chiefs that the government’s New Economy programme will provide a four-year framework for changing the structure of Ghana’s economy.
Dr Forson set out the central purpose of the initiative during a meeting with traditional leaders ahead of its formal launch.
“The New Economy is the Government of Ghana’s four-year programme to transform the structure of the Ghanaian economy,” he said.
The programme is due to be unveiled on Thursday, 12 November 2026, when the 2027 Budget is presented.
Ogyeahoho Yaw Gyebi II, President of the National House of Chiefs, praised Dr Forson’s work and described him as a “hardworking finance minister”.
He also said he hoped the forthcoming Budget would tackle “youth unemployment”.
From stabilisation to production
The New Economy agenda follows the National Democratic Congress (NDC) government’s manifesto pledge to make economic stabilisation its initial priority before moving towards wider economic transformation.
Dr Forson has said the stabilisation phase was intended to establish the conditions needed for a more ambitious programme focused on expanding the productive economy.
The Finance Minister has previously explained that the government now wants to move beyond macroeconomic stabilisation by placing greater emphasis on domestic production and the creation of jobs.
Under the plan, investment will be directed towards productive sectors, with the aim of increasing local output, reducing Ghana’s dependence on imported goods and generating more employment.
Dr Forson has described the policy as a decisive move towards building a productive, job-creating and prosperous nation.
The programme has been reported as a $10 billion initiative. Dr Forson presented it to the Association of Ghana Industries on 27 September 2026 and has since consulted key ministries, including Trade, on its implementation.
The National Development Planning Commission (NDPC) is expected to monitor the rollout. Dr Forson announced in September that the commission would oversee progress as the programme is introduced.
The presentation of the 2027 Budget will provide the formal setting for the government to set out the New Economy programme and its priorities in full.
