By: Isaac Kwabena Boadu Date: 13th November, 2025
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, unveiled the 2026 Budget Statement and Economic Policy in Parliament, outlining the Government’s plan to propel the nation’s economy forward.
The budget which was haied for Ghana’s economic trajectory, targets the creation of up to 800,000 new employment opportunities across diverse sectors, including agriculture, manufacturing, and infrastructure development. Dr. Forson emphasized that the government’s flagship infrastructure and industrial initiatives would serve as catalysts for job creation and economic growth.
A cornerstone of the budget is the Big Push initiative, which earmarks GH¢63 billion for road contracts, poised to unlock approximately 490,000 job opportunities, aligning with World Bank projections. This ambitious programme is part of the government’s efforts to modernize infrastructure and stimulate economic momentum.
Dr. Forson highlighted several key initiatives, including the establishment of three state-of-the-art garment factories, expected to generate over 20,000 direct jobs, and seven cutting-edge agro-processing plants, set to employ about 700 people directly and thousands more indirectly. The National Policy on Integrated Oil Palm Development, spanning 2026 to 2032, is forecasted to yield 250,000 jobs across the oil palm value chain.
To empower small businesses and entrepreneurs, the government has bolstered the National Investment Bank and will inject GH¢1 billion into the Agricultural Development Bank and Consolidated Bank Ghana. Additionally, GH¢401 million has been allocated to the Women’s Development Bank to provide affordable financing to women traders and market operators.
Dr. Forson stressed that these investments are part of a unified national effort to harness stability and drive growth, stating, “These investments are not isolated; they are part of an integrated national effort to turn stability into jobs and growth.”
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