Ghana Budgets GH¢100.4 Billion for Capital Spending in 2027

Ghana's government has allocated GH¢100.4 billion for capital expenditure in 2027 — 5.6 per cent of gross domestic product — to fund infrastructure and growth. Finance Minister Cassiel Ato Forson set out the figure when presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday. Of the total, GH¢88.4 billion is domestically financed and GH¢12 billion comes from external financing, according to Ghana Business News. The popular assumption with a budget like this is that a government is spending its way to growth. The 2027 numbers ask readers to test that claim against a second set of figures. The same budget targets a fiscal deficit of GH¢65.8 billion, or 3.6 per cent of GDP on a cash basis, and a primary surplus of GH¢9 billion — 0.5 per cent of GDP on a commitment basis. It also pledges no new taxes.

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