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Here are 29 major announcements, policy decisions and financial allocations from the 2027 Budget Statement.
ECONOMY, TAXES AND FINANCE
1. No new taxes in 2027: Government says it will not introduce any new taxes in the 2027 fiscal year.
2. US$10 billion New Economy Programme: Government will invest US$10 billion between 2027 and 2030 to transform Ghana’s economy and create jobs.
3. GH¢30 billion for the New Economy: An amount equivalent to 1.5% of GDP has been allocated to the programme in 2027.
4. Economic growth target: Government is targeting real GDP growth of at least 5.2% in 2027 and non-oil GDP growth of 5.7%.
5. Inflation target: Government is targeting end-year inflation of between 6% and 10% in 2027.
6. Public debt: Ghana’s provisional public debt stood at GH¢759.3 billion, representing 47.5% of GDP as of October 2026.
7. Early repayment of DDEP bonds: Government has announced the early redemption of GH¢29 billion in Domestic Debt Exchange Programme bonds due in February 2027, effective November 12, 2026.
8. More than GH¢36 billion in early debt repayments: Government intends to pay off the February 2027 domestic bond principal and the January 2027 Eurobond by December 31, 2026.
9. Solar tax exemptions: Import duties and VAT on solar panels and batteries will be removed to encourage households and businesses to adopt solar energy.
AGRICULTURE, INDUSTRY AND ENERGY
10. Rice import ban by 2030: Government plans to prohibit commercial rice imports by 2030 as domestic production expands.
11. Ghanaian food for public institutions: Public procurement laws will be amended to require schools, hospitals and other public institutions to purchase locally grown rice and other staples with public funds.
12. Sugar self-sufficiency by 2030: Government aims to meet Ghana’s sugar requirements through local production, irrigation, nucleus estates and organised outgrowers.
13. GH¢245 million for poultry production: The 2027 Budget allocates GH¢245 million to the Poultry Farm-to-Table project.
14. US$500 million for oil palm: Government plans to establish 100,000 hectares of new oil palm plantations, with a US$500 million patient-financing facility.
15. US$1 billion for Pwalugu Dam: Government plans to invest US$1 billion in the Pwalugu Multipurpose Dam, which is expected to irrigate over 25,000 hectares, support 1,000 fish cages and generate 70MW of hydropower.
16. Cocoa processing: Ghana targets processing at least 50% of its cocoa locally by 2028 and 100% by 2030, alongside a transition towards banning raw cocoa exports.
17. 1,450MW state-owned thermal power plant: Construction is expected to begin in December 2026 at Kafodzidzi-Abrobeano in the Central Region. The first 600MW is expected by December 2028, with full completion by 2030.
18. 600MW solar power plant: Government will construct a state-owned solar power plant supported by 2,000MWh of battery storage.
19. End of emergency power plants by 2030: Government intends to phase out emergency power plants and reduce the cost of power generation from approximately 16 US cents to 8 US cents per kilowatt-hour or less.
20. Nuclear power development: Government will invest US$200 million in a 24-month nuclear-readiness programme from January 2027 to December 2028 and train over 2,000 scientists.
JOBS, EDUCATION AND SOCIAL DEVELOPMENT
21. GH¢1 billion for youth employment: Government will remove the funding cap on youth employment programmes, freeing up an additional GH¢1 billion for employment and apprenticeship initiatives.
22. GH¢1 billion for National Service allowances: The 2027 Budget allocates GH¢1 billion towards the payment of allowances to National Service Personnel.
23. GH¢537 million for No Fees Stress: An amount has been allocated to support the No Fees Stress Policy for first-year tertiary students.
24. GH¢292 million for free sanitary pads: Government has allocated GH¢292 million for the distribution of free sanitary pads to schoolgirls.
25. GH¢2.1 billion for School Feeding: The School Feeding Programme will receive GH¢2.1 billion in 2027.
26. GH¢2.6 billion for MahamaCares: The Ghana Medical Trust Fund has been allocated GH¢2.6 billion.
27. GH¢600 million for regional stadiums: Government plans to begin constructing 10 multipurpose regional stadiums across the country, with capacities ranging from 5,000 to 12,000 seats.
INFRASTRUCTURE, TOURISM AND SECURITY
28. GH¢29.8 billion for the Big Push: Government has allocated GH¢29.8 billion to the Big Push Programme to accelerate road and transport infrastructure development.
29. US$1 billion for textiles and garments: Government will invest in modernising textile mills, expanding garment factories and positioning Ghanaian fashion brands for international markets.
Other major announcements worth watching:
* US$1.5 billion for critical minerals value addition.
* US$1 billion for tourism, culture and creative arts.
* US$1 billion for pharmaceuticals and biomanufacturing.
* US$300 million for a National Artificial Intelligence Centre and rural 4G connectivity.
* GH¢400 million for the construction of the Volivo Bridge.
* GH¢400 million for the purchase of additional high-occupancy buses.
* GH¢685 million for Kejetia Market Phase 2.
* GH¢685 million for Keta Sea Defence works.
* GH¢10 million for journalists’ welfare, professional development and investigative reporting.
