Ghana targets 8% growth and unemployment below 8%
By the AFREEQUE newsroom, based on MyJoyOnline
Ghana is targeting real GDP growth of about 8% and unemployment below 8% by 2030, Finance Minister Cassiel Ato Forson announced. The government also wants a path towards an investment-grade sovereign rating, according to MyJoyOnline.
The Ghanaian government is targeting real gross domestic product (GDP) growth of about 8% and an unemployment rate below 8% by 2030. Finance Minister Cassiel Ato Forson announced these targets on Thursday 12 November 2026 before Parliament, during the presentation of the 2027 budget and the country’s economic policy. The government also aims to establish a credible path towards an investment-grade sovereign rating, which would facilitate Ghana’s access to international financing.
Cassiel Ato Forson announced the publication of an annual report assessing the country’s progress towards this rating. The document will notably examine fiscal performance, debt sustainability, the accumulation of foreign exchange reserves, monetary credibility, the strength of the financial sector, the quality of institutions and economic diversification. The minister stressed that the rating would depend on sustained economic results rather than political commitments.
From 2027, the government plans to maintain a primary surplus of at least 0.5% of GDP and keep public debt around a target equivalent to 45% of GDP. It also intends to maintain single-digit inflation and strengthen external reserves. The New Economy programme, Ghana’s economic transformation framework, prioritises commercial agriculture, energy, critical minerals, textiles, tourism and the pharmaceutical industry.
These targets build on the guidelines presented for the 2027 budget. On 11 November, Cassiel Ato Forson had set the target for the 2027 budget deficit at 5% of GDP. The government had also announced a $10 billion investment programme over four years as part of the same budget.
