KPMG survey reveals 71% of Ghanaians prioritize jobs for 2027 Budget

A pre-budget survey conducted by KPMG and the United Nations Development Programme (UNDP) has revealed that 71% of Ghanaians want job creation and youth employment prioritized in the 2027 Budget. The report, which gathered perspectives from citizens and the business community, indicates that employment remains the most pressing concern as the government prepares its next fiscal roadmap. Beyond jobs, 54% of respondents identified the rising cost of living as a critical issue, while others highlighted electricity supply and illegal mining as significant challenges for the upcoming year.

The survey results show a mix of optimism and caution within the private sector. Approximately 70% of businesses expect growth in 2027, supported by a strengthening macroeconomic environment. Ghana recorded a 6.2% GDP growth rate in the first half of 2026, with inflation projected to hit 5.5% in October. Despite this positive outlook, business leaders cited high operating costs, complex tax procedures, and limited access to credit as major barriers to expansion. To foster growth, respondents emphasized the need for predictable tax policies and advance notice on fiscal changes to aid corporate planning.

Regarding specific government initiatives, the report highlights significant interest in the 24-Hour Programme. The survey found that 32% of businesses are prepared to invest or expand their operations under the scheme immediately, while an additional 44% would consider doing so if the government provides suitable incentives. For this programme to succeed, business owners indicated they require streamlined access to finance, enhanced credit guarantees, and reliable utility services. The report suggests that connecting vocational training with the specific requirements of lenders could further unlock participation in the initiative.

Andy Akoto, the Country Managing Partner of KPMG, has urged the government to use the 2027 Budget to protect fiscal credibility and direct resources toward productive capacity. He noted that the US$10 billion New Economy program could serve as a vital catalyst for national transformation if implemented effectively. The survey recommendations call for a focus on four key areas: enterprise growth, the value of public investment, financial discipline, and green investment. By addressing tax-related complexities and improving the investment climate, the report concludes that the government can better align its fiscal policy with the needs of both households and the private sector.