••
Thomas Nyarko Ampem says 2027 Budget will focus on job creation
•2 min read•1 source
Deputy Finance Minister Thomas Nyarko Ampem has announced that the 2027 Budget, scheduled for presentation to Parliament on November 12, will place job creation, productivity, and economic growth at its core. The upcoming fiscal policy is designed to translate recent macroeconomic stability into tangible benefits for the Ghanaian citizenry. By focusing on these pillars, the government aims to expand employment opportunities and provide robust support for local businesses to thrive in an increasingly competitive environment.
The announcement comes on the heels of significant improvements in Ghana's economic indicators. The Deputy Minister highlighted a growth rate of 6% achieved in 2025 and a substantial decline in inflation, which dropped from 23.8% in December 2024 to 5.2% by September 2026. According to Nyarko Ampem, the 2027 Budget will leverage this newfound stability to drive a more inclusive economic agenda that prioritizes the welfare of the workforce and the expansion of the private sector.
A key strategy for the 2027 fiscal year involves a structural shift in the national economy, moving away from a reliance on raw material exports toward the production of higher-value goods. This transition is expected to be supported by specific policies aimed at fostering entrepreneurship among the youth. The Deputy Minister emphasized that enhancing productivity across various sectors will be essential for driving higher incomes and ensuring that the growth recorded at the macro level is felt within individual households.
As the November 12 presentation approaches, the 2027 Budget is anticipated to provide a clear roadmap for industrialization and sustainable development. By prioritizing youth entrepreneurship and local industry, the government seeks to build long-term economic resilience. Stakeholders and citizens alike are looking forward to the specific policy interventions that will be unveiled to address unemployment and bolster the nation's productive capacity.
