The 2027 Fiscal Budget is scheduled to be presented in the first week of November this year, Finance Minister Dr Cassiel Ato Forson has hinted.

Speaking in an interview on Kumasi-based radio station Ahenfie FM on September 15, he said the budget is likely to be presented about a week earlier than expected, highlighting the government’s focus on stronger economic expansion and greater private-sector participation.

“The 2027 Budget will be presented to Parliament in the first week of November 2026. The Government has spent the first two years stabilising the economy. The next phase will focus on creating conditions for stronger growth and increased private-sector activity.”

What to expect in the budget

According to the Minister, 2027 will focus on prioritising employment creation and measures to strengthen businesses.

“The budget will outline major infrastructure projects and policy initiatives to create more jobs, alongside incentives to support businesses,” the Minister said.

He said the government will also introduce fresh incentives to support businesses and enable them to expand into new areas.

According to the Finance Minister, the initiatives form part of the government’s broader strategy to move the economy into its next phase of growth.

He said the government has spent the first two years of its administration focusing on stabilising the economy and is now preparing to push ahead with measures to stimulate stronger growth.

Dr Ato Forson said the details of the new programmes and policies will be contained in the 2027 Budget.

He also linked the planned initiatives to the government’s new economic programme, under which it intends to invest about US$10 billion to stimulate economic activity.

2027 Budget Preparations Underway

The Finance Minister has started meeting with key government institutions as preparations continue for the 2027 Budget and the implementation of the government’s new economic programme.

The consultations are expected to help the government identify priority sectors and investment opportunities to drive the next phase of economic growth.

Some ministries have already appeared before the Finance Ministry to justify their proposed expenditure for 2027.

Why the budget is presented: Timelines under the Constitution

The Finance Minister’s presentation of the budget estimates is based on Article 179 of the 1992 Constitution, which requires the President, through the Finance Minister, to lay before Parliament estimates of revenue and expenditure for the following financial year.

It is reinforced by Section 21 of the Public Financial Management Act, 2016 (Act 921), which sets timelines for the submission.

The planned November presentation is in line with Ghana’s public financial management framework.

The Public Financial Management Act requires the Finance Minister to present the budget for the following year no later than November 15.

The timeline is intended to give Parliament sufficient time to consider and approve the necessary expenditure before the start of the new financial year on January 1.

This ensures that the government has the required legal authority to undertake expenditure from the beginning of 2027.