The government is targeting total expenditure of GH¢389.2 billion in 2027, with GH¢100.4 billion earmarked for direct capital projects as part of efforts to expand infrastructure and accelerate economic transformation.
Finance Minister Dr Cassiel Ato Forson announced the expenditure projections during the presentation of the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.
The total expenditure represents 21.6 per cent of Gross Domestic Product (GDP), while total revenue and grants are projected at GH¢323.4 billion, equivalent to 17.9 per cent of GDP.
This leaves an overall cash deficit of GH¢65.8 billion, representing 3.6 per cent of GDP.
The capital expenditure allocation of GH¢100.4 billion is expected to increase to GH¢120.5 billion when transfers to other government units are included.
Compensation of employees remains the largest single expenditure item, with GH¢104.1 billion allocated, while interest payments are projected at GH¢61 billion.
The expenditure framework also provides funding for education, healthcare, infrastructure, agriculture, local governance and security as government seeks to strengthen productive capacity and create employment opportunities.
Story by Freedom Etsey Lavoe