2027 Budget to prioritise jobs, productivity and higher incomes – Nyarko Ampem

The government is expected to place job creation, increased productivity and economic growth at the centre of its 2027 Budget as it seeks to turn recent improvements in economic stability into tangible benefits for Ghanaians.

Deputy Finance Minister Thomas Nyarko Ampem says the next phase of the government's economic programme will focus on expanding employment opportunities, raising incomes and building a competitive economy driven by technology and value addition.

The 2027 Budget is scheduled to be presented to Parliament on November 12. Speaking at the maiden launch of Ghana in Numbers 2025 in Accra on Thursday, October 29, Mr Nyarko Ampem said economic stability must now translate into improved livelihoods.

“Stability is the foundation. Productivity is the engine. Jobs and prosperity must be the destination,” he said.

He cited economic growth of 6% in 2025 and 6.2% in the first half of 2026, alongside a decline in inflation from 23.8% in December 2024 to 5.2% in September 2026, as indicators of the progress made in stabilising the economy.

Mr Nyarko Ampem said the government would use the next phase of its economic agenda to strengthen local businesses, add value to Ghana's natural resources and create more opportunities for young people.

He argued that the country must move away from relying heavily on raw material exports and build its capacity to produce and export higher-value goods and services.

“We must move from exporting raw materials to exporting value and from producing job seekers to nurturing innovators, entrepreneurs and job creators,” he said.

The November 12 presentation is expected to set out the government's policy and spending priorities for 2027, with particular attention to productivity, employment and ensuring that macroeconomic gains lead to better living standards.