Finance Minister Dr Cassiel Ato Forson says the Ghana New Economy programme will push the country towards greater local production, reduce dependence on imports and create jobs by directing investment into productive sectors.
Speaking during an engagement with the Association of Ghana Industries and business leaders, Dr Forson said the government wants Ghanaian companies to produce more of the goods consumed locally.
“Our mission is to produce more of what we consume and create more jobs here at home,” he said.
The government has confirmed that the New Economy programme will be formally outlined in the 2027 Budget, with consultations already underway across key ministries and state institutions.
Imports Seen as Opportunities for Local Production
Dr Forson challenged industry to look at Ghana’s import bill as an opportunity for domestic manufacturing.
“Every import is an opportunity to ask: why can’t we make it in Ghana?” he said.
He described the programme as a shift from economic stabilisation towards production, employment and wealth creation.
“That is the promise of the New Economy: Ghana producing. Ghanaians working. Prosperity growing!” - Dr Forson
Earlier government disclosures indicate that about US$1.6 billion, equivalent to roughly one per cent of GDP, could be deployed under the programme to support investment and private sector expansion.
Agriculture, Mining and Energy in Focus
Priority areas identified so far include commercial agriculture, mining value addition, energy and transport infrastructure.
Dr Forson has previously cited gas to power, gas to fertiliser and the Western Railway Line among projects being considered under the framework.
The final blueprint is still being developed, with additional projects expected to be announced when the 2027 Budget is presented to Parliament.
For government, the policy test will be whether the planned investment translates into higher domestic output, stronger private businesses and sustainable employment.
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