Budget 2027 at a glance Budget statement
Revenue & spending
Revenue vs expenditure, GH¢ billion
2024–25 outturn · 2026–27 budget targets
Revenue & grantsExpenditure
Where 2027 revenue comes from
Total revenue & grants GH¢323.4bn (17.9% of GDP)
Primary surplus path, % of GDP
The fiscal rule is being reset 1.5% → 0.5% to fund the New Economy
2027 spending envelope
Selected lines, GH¢ billion
Ministry allocations, 2027 (GH¢ bn) Press
As listed by YEN.com.gh from the Budget statement
Four-year comparison, 2024–2027
2024–25 actuals · 2026–27 budget targets
Read from primary documents: 2026 Mid-Year Fiscal Policy Review speech (2024 primary −2.9% of GDP, 2025 +2.5%, debt 61.8→44.7→45.0%, growth, inflation) and MoF H1-2026 Fiscal Newsletter. 2024 revenue/expenditure and deficits (7.9% commit., 5.2% cash) are from the Citizens Budget and the Mar 2025 statement (preliminary; the earlier −3.9% primary figure was superseded). 2025 deficit/expenditure are Bank of Ghana figures; other reports put 2025 revenue up to GH¢226.7bn. SIGA gives end-2025 debt as 45.28%.
The New Economy · US$10 billion, 2027–2030 Minister interview
Allocation by pillar
US$ billion · 2027 tranche GH¢30bn (≈US$2.5bn, 1.5% of GDP)
How the US$10bn was sized
Fiscal space for 2026–2030
| Scenario | US$ bn |
|---|---|
| Primary surplus cut 1.5% → 0.5% (1% of GDP) + tax compliance gains (0.5%) = 1.5% of GDP space, conservative GDP | 9.2 |
| Same space with GDP rebasing (+30%, vs 50–60% in past rebasings) | 11.5 |
| Programme size adopted | 10.0 |
Youth NEET today: 1.34 million → could reach 1.6–1.7 million if nothing is done. Jobs: oil-palm alone ≈ 5 jobs/hectare × 100,000 ha.
Delivery tracker · 2028–2030 targets Minister interview
Milestone timeline
Dec 2026 · Power plant sod-cutting1,450 MW thermal plant (Ghana Thermal) – president to cut sod
Jan 2027 · New Economy implementation startsCabinet to adopt implementation metrics; start of 4-year programme
Q1 2027 · Oil-palm patient capitalWorld Bank US$500m, board approval expected Feb–Mar
Dec 2027 · Private sector participation in power distributionECG collection/distribution PSP to be in place
2028 · Cocoa 50% processed locally · ASM gold fully refined locallyQ4-2028: first 600 MW of thermal capacity online
2030 · Cocoa 100% local · rice & sugar import prohibition · poultry self-sufficiencySecond 850 MW online; emergency power phased out; 600 MW solar + 2,000 MWh storage
Status board
Status fields are editable inputs in the production version
Debt, DDEP redemption & buffers Minister interview
Feb-2027 DDEP bonds
GH¢29bn
Funded in full; early redemption open from 12 Nov 2026
DDEP paid so far
GH¢41bn
Principal already settled
Bonds to repay by Dec
GH¢36bn
Includes Eurobonds falling due
DDEP maturities
GH¢111bn
GH¢58bn in 2027 + GH¢53bn in 2028. Sinking fund GH¢15.6bn (22 Jul), target GH¢30bn MoF speech
Debt anchor
45% GDP
2034 target; ≈35% after rebasing
Energy sector drain
Power subsidies from distribution losses & under-collection
$12bn ≈ the cost of ~2,000 MW of nuclear capacity.
Shocks absorbed in 2026
Buffers built from 2025's 2.5% primary surplus
| Cocoa price collapse | Producer price cut; emergency cabinet |
| Oil price spike (Middle East war) | Fuel tax relief; cedi stable |
| Kpone/Kumasi substation fire | Restored in weeks |
| July floods | Disaster fund GH¢100m |
Ministries & agencies review Secondary sources
Leakage & import-substitution monitor Illustrative detection rules
Annual foreign-exchange leakage (US$)
Figures quoted by the Minister
Spend-leakage detection — what the live system will flag
Rules run on GIFMIS / payroll / procurement feeds once connected
Documented leakage & shortfall ledger Sourced · secondary
Amounts as reported by each source — different bases and years, so do not add them up. “Claim” and “Contested” items need verification.
GovTech solution map — where technology closes the leaks Proposals
Solutions are drawn from the Onedotworld GovTech solution set; each is tied to a leakage documented above. “Proven” means already working in Ghana per the Ministry; everything else is a proposal to validate, not a delivered system.
Not yet included: ideas from your claude.ai GovTech conversation — that chat is not accessible from here. Paste or export it and these rows will be extended.
Revenue opportunity pipeline Scenario model · sourced pools
Adjust assumptions — see indicative annual upside
Pools come from reported figures; the capture rate is YOUR assumption (default 10%), not a forecast. Pools overlap, so totals are indicative only
Indicative total: per year
Data provenance. Budget statement figures from press coverage of the 2027 Budget statement of 12 Nov 2026 (3news, MyJoyOnline, Graphic, Citi). 2025 revenue outturn from Bank of Ghana MPR (Mar 2026); 2026 targets from the 2026 Budget. Minister interview figures from the PM Express transcript. Illustrative items are placeholders. Verify against the official Budget Statement and MoF fiscal reports before any use. Sources differ on some 2025 numbers (revenue GH¢224.9–226.7bn).