Finance Minister outlines eight pillars to create modern Ghanaian economy

By Judith Twumwaa, ISD II Contributor

The Minister for Finance, Dr. Cassiel Ato Baah Forson, has disclosed that the government plans to invest US$10 billion to create a modern Ghanaian economy with eight interconnected pillars.

Presenting the 2027 budget statement and economic policy, he stated that this would be done over four years, from 2027 to 2030.

He said the eight pillars would provide the framework for directing investments towards critical sectors with the potential to expand economic activity and support long-term national development.

The pillars are macroeconomic stability and affordable finance; commercial agriculture; energy infrastructure; critical minerals value addition; tourism, culture and creative arts; textiles and garments; pharmaceuticals and biomanufacturing; and the technology economy.

The finance minister said the interconnected sectors would form the foundation of the Government's economic transformation agenda, with emphasis on expanding domestic production, strengthening industrial capacity and creating employment opportunities.

The four-year investment programme is expected to support the development of key industries while positioning Ghana to derive greater value from its resources and productive sectors.

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