Ghana plans to invest about $1.6 billion in a new economic programme aimed at increasing domestic production, reducing reliance on imports and creating jobs.
Finance Minister Cassiel Ato Forson said the programme, scheduled to be introduced in the 2027 budget, will direct public investment towards sectors with potential to expand production and attract private-sector investment.
Speaking to the leadership of the Association of Ghana Industries and business leaders, Forson said the government wants to build local capacity to produce goods currently imported into the country.
The programme will focus on commercial agriculture, mining and mineral processing, energy, and transport infrastructure.
In the energy sector, proposed investments include gas-to-power and gas-to-fertiliser projects, while transport priorities could include the Western Railway Line and other strategic infrastructure.
Forson said the programme is intended to shift government spending towards productive sectors capable of supporting economic growth and employment while generating returns over time.
The government is still finalising the programme, with details of additional projects expected to be announced when it is formally launched.
