The Ghanaian government will present a 2027 Budget without introducing new taxes, alongside a separate four-year plan designed to reshape the country’s economy.
The two documents will be released tomorrow as part of the budget presentation. The first will set out the government’s fiscal plans, while the second will detail its New Economy programme and the wider economic transformation agenda.
The New Economy programme is expected to require the cedi equivalent of US$10 billion over the next four years. It is intended to provide the overarching framework for restructuring the economy and will guide several of the government’s flagship policies.
The programme will include the 24-hour economy, which remains a major government priority. However, 3news understands that the New Economy plan is not intended to replace the 24-hour economy. Instead, it will provide the framework through which that initiative is implemented.
Updated fiscal data
The 2027 Budget is expected to include economic and fiscal information up to October, rather than September, which has been the previous practice.
In some areas, the document will also contain full-year figures for 2025. That would provide a more complete assessment of the country’s fiscal performance.
The decision not to impose new taxes is one of the key details to emerge before the budget is presented.
On infrastructure, the government is expected to hold the sod-cutting ceremony for the Accra-Kumasi Expressway before the end of 2026. The ceremony would mark a significant step towards the start of construction on the project.
The Finance Minister is also expected to identify the next infrastructure project that will receive funding from oil revenues and royalties.
Funding under the government’s Big Push programme will continue to support road infrastructure projects. The programme will therefore retain its focus on tackling the country’s road development requirements.
Women’s Development Bank
The Women’s Development Bank is expected to begin full operations next year. The institution is intended to function as a properly established financial organisation, supported by strong governance arrangements.
Its launch is expected to form part of the government’s wider efforts to improve access to finance. At the same time, the New Economy programme will set the broader direction for the government’s four-year economic transformation plan.
Together, the 2027 Budget and the accompanying New Economy document are expected to outline the government’s immediate fiscal priorities as well as its longer-term plans for changing the structure of Ghana’s economy.
By Christian Yalley
