Ato Forson announces ‘New Economy’ policy for 2027 budget, promises shift to growth-focused spending

Speaking on JoyNews’ PM Express programme during “The Mid-Year Scorecard: One-on-One with the Finance Minister” with Evans Mensah, Dr Forson said the government’s initial two years in office were focused on difficult economic decisions aimed at stabilising the economy.

Finance Minister Dr Cassiel Ato Forson has announced plans to introduce a new policy framework dubbed the “New Economy” in the 2027 national budget, signalling a shift from fiscal consolidation towards growth-focused spending.

According to the Finance Minister, the government deliberately undertook a two-year adjustment period, but intends to ease the pace of fiscal consolidation as the economy improves.