The government is targeting real Gross Domestic Product (GDP) growth of about 8 per cent and an unemployment rate below 8 per cent by 2030 as part of its New Economy programme.
Finance Minister Dr Cassiel Ato Forson announced the targets during the presentation of the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.
He said government was also pursuing a credible pathway towards securing an investment-grade sovereign credit rating, stressing that such a rating could only be earned through sustained economic performance and not political declarations.
“Investment grade sovereign rating cannot be conferred in a speech. It must be earned through sustained performance,” he stated.
As part of efforts to track progress, Dr Forson announced plans to publish an annual investment-grade readiness report to assess Ghana’s performance across key economic and institutional indicators.
The report will cover fiscal performance, debt affordability, reserve accumulation, monetary credibility, financial sector strength, institutional quality and economic diversification.
The Finance Minister identified the sustainability of macroeconomic stability and access to affordable financing as the first pillar of the New Economy programme.
Under the plan, government intends to maintain a positive primary surplus of at least 0.5 per cent of GDP from 2027, keep public debt consistent with a 45 per cent of GDP target, sustain single-digit inflation and strengthen external reserves.
The New Economy programme is expected to drive economic transformation following the completion of Ghana’s International Monetary Fund (IMF) programme.
Priority sectors identified for development include commercial agriculture, energy, critical minerals, textiles and garments, tourism and pharmaceuticals.
Story by Freedom Etsey Lavoe
