Ghana targets 5% budget deficit in 2027
By the AFREEQUE newsroom, based on Business Day Ghana
Illustrative image · Tima Miroshnichenko · Pexels · Licence PexelsGhana plans a budget deficit of 5% of GDP in 2027, with growth of around 5% and inflation close to 7%. The budget, dubbed “The New Economy”, is due to be presented on Thursday 12 November, according to Business Day Ghana, citing Finance Ministry guidelines.
Ghana is targeting a budget deficit of 5% of gross domestic product (GDP) in 2027, compared with a target of 6% of GDP for 2026. The fiscal framework then provides for a reduction in the deficit to 4% of GDP in 2028, Business Day Ghana reports.
The Ghanaian government is also forecasting real growth of around 5% in 2027 and inflation brought down towards 7%. The Finance Ministry is targeting a primary surplus of around 2% of GDP in 2027, after 1.5% in 2026, while public debt is expected to reach around 69% to 70% of GDP at the end of 2026, compared with nearly 83% at the end of 2025, according to Finance Ministry guidelines.
Revenue mobilisation is to rely in particular on the digitalisation of customs, with an expected gain of 2 billion cedis, and the application of stamp duties to digital contracts, which could generate 1 billion cedis. Finance Minister Cassiel Ato Forson is due to present the 2027 budget, entitled “The New Economy”, to Parliament on 12 November 2026, in accordance with the Ghanaian Constitution, Business Day Ghana reports.
