By Our Democracy News GH
Deputy Finance Minister Thomas Nyarko Ampem disclosed this on Thursday, October 29, at the maiden launch of Ghana in Numbers 2025 in Accra, ahead of the government’s planned presentation of the 2027 Budget to Parliament on November 12.
He said the next phase of the government’s economic programme would focus on creating jobs, increasing incomes and expanding opportunities for businesses and young people.
“Stability is the foundation. Productivity is the engine. Jobs and prosperity must be the destination,” Mr Nyarko Ampem stated.
Government targets productivity-driven growth
The Deputy Finance Minister said Ghana must move beyond economic stabilisation and focus on building a more productive, competitive and technology-driven economy.
He noted that the economy recorded growth of 6 per cent in 2025 and 6.2 per cent in the first half of 2026, while inflation declined from 23.8 per cent in December 2024 to 5.2 per cent in September 2026.
According to him, the government intends to consolidate these gains through policies that support businesses, promote local production and expand employment opportunities.
Focus shifts from raw material exports to value addition
Mr Nyarko Ampem emphasised the need for Ghana to strengthen its capacity to process local resources and export higher-value goods and services instead of depending heavily on raw material exports.
He said the country must build an economy that encourages innovation, entrepreneurship and job creation rather than producing graduates and young people who primarily seek employment.
“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 proposed direction is expected to place greater emphasis on value addition, business development, technological advancement and productivity across key sectors of the economy.
2027 Budget presentation scheduled for November 12
The 2027 Budget is scheduled to be presented to Parliament on November 12, 2026.
The policy document is expected to outline the government’s economic priorities for the coming year, including strategies to boost productivity, create employment and strengthen Ghana’s competitiveness.
The central challenge, according to the Deputy Finance Minister, is ensuring that improvements in macroeconomic indicators translate into tangible economic opportunities and improved living conditions for Ghanaians.
