Government’s 2027 capital expenditure is projected to reach GH¢120.5 billion, accounting for 26.4 percent of total expenditure and 6.7 percent of Gross Domestic Product.
Finance Minister Dr Cassiel Ato Forson announced the figure while presenting the 2027 Budget Statement to Parliament on Thursday, November 12, 2026.
He said the total includes capital spending financed directly through the budget as well as expenditure channelled through transfers to other government units.
CapEx to exceed interest payments
According to Dr Forson, the GH¢120.5 billion allocation will be substantially higher than some of the government’s biggest recurrent spending commitments.
Projected interest payments for 2027 stand at GH¢61 billion, meaning capital expenditure will exceed debt service costs by GH¢59.5 billion, or 98 percent.
The capital spending plan is also GH¢27.8 billion higher than the GH¢92.7 billion earmarked for wages and salaries.
“Mr Speaker, this total capital expenditure of GH¢120.5 billion is over GH¢59.5 billion, or 98 percent more than the interest payment of GH¢61 billion,” Dr Forson said.
Government shifts spending towards assets
The Finance Minister said the allocation reflected a deliberate attempt to direct more public resources into investments capable of supporting production and employment.
“This marks a decisive shift towards productive expenditure, putting more of Ghana’s money into the assets that will expand production, create jobs and raise incomes,” he told Parliament.
Capital expenditure typically covers long-term public investments such as roads, public buildings, infrastructure and other assets intended to support economic activity over several years.
The 2027 allocation suggests government intends to give infrastructure and productive investment a larger share of the expenditure envelope as it rolls out its broader New Economy programme.
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