Finance Minister Dr Cassiel Ato Forson has presented the 2027 Budget, outlining how government intends to raise and spend money to manage the country’s economy.
In simple terms, here are the key things Ghanaians should know:
1. No new taxes: Government says it will not introduce new taxes in 2027.
2. Roads and infrastructure: GH¢28 billion has been earmarked for the Big Push programme to construct and improve roads and other infrastructure.
3. Education: GH¢48 billion has been allocated to education, including funding for Free SHS, teacher allowances and the No Fees Stress Policy.
4. Healthcare: GH¢40.3 billion has been allocated to improve healthcare, support NHIS and complete hospital projects.
5. Agriculture: Government wants to support farmers with machinery, fertilisers, seeds and storage facilities to increase local food production.
6. Youth employment: GH¢3.5 billion has been allocated to youth development, skills training and employment programmes.
7. Electricity: Solar equipment will enjoy tax exemptions to encourage households and businesses to use alternative energy.
8. Industrial development: Government plans to invest in manufacturing, technology, tourism, pharmaceuticals and other industries to create jobs.
9. Social support: Funding has been provided for LEAP, School Feeding and other programmes supporting vulnerable households.
10. Government debt: Government has made provisions for debt servicing and repayment, including GH¢61 billion for interest payments.
What does this mean for you?
The government is promising more investment in jobs, education, healthcare, roads and agriculture without introducing new taxes.
However, the real test is whether these promises will translate into cheaper food, affordable living, more jobs, reliable electricity and improved public services.
