Ghana's $10 Billion Investment Plan Aims for 8% Growth

Ghana has announced a plan to invest $10 billion over the next four years, aiming to achieve an economic growth rate of 8% by 2030. Finance Minister Cassiel Ato Forson presented this initiative, termed the New Economy Program, during the government's annual budget presentation.

This marks a shift from previous budgets that targeted lower growth rates of 4% and 4.8%, focusing instead on job-intensive sectors such as agribusiness, infrastructure, critical minerals, textiles, tourism, and pharmaceuticals. The government will also allocate $200 million to a nuclear-readiness program from January to December 2028 to enhance its energy capacity.

Additionally, the strategy includes reducing the primary budget surplus target from 1.5% to 0.5% of GDP to allow for increased public investment. Ghana's annual inflation rate reached 5.5% in October 2026, influencing the central bank's policy decisions.