Ghana plans $10 billion investment in its economy
By the AFREEQUE newsroom, based on MyJoyOnline, Sowetan and TimesLIVE
Ghana’s government plans to invest $10 billion over four years from 2027 under its “New Economy” programme, aimed at increasing production, exports and employment, according to MyJoyOnline. The plan covers eight sectors, including commercial agriculture, energy, critical minerals, textiles, pharmaceuticals and technology.
The 2027 budget forecasts GDP growth of 5.2%, compared with 4.8% in 2026, and a budget deficit of 3.6% of GDP, compared with 4% this year. The government intends to keep inflation within a range of 6% to 10%.
Ghana has completed its $3 billion IMF support programme, after a period marked by a sharp rise in debt-servicing costs. Inflation, which reached 54.1% in December 2022, fell to 3.2% in March 2026 before rising slightly. The country is continuing cooperation with the IMF under a three-year policy coordination programme, with no new financing.
The government also plans to immediately repay 29 billion cedis in bonds from the domestic debt exchange, maturing in February 2027. It also plans to repay the second restructured Eurobond issued in 2024 before 31 December, which was expected to mature in January 2027. This should allow more than 36 billion cedis of debt to be removed before maturity.
