#2027Budget: Gov’t dangles duty, VAT relief before industry

The government is preparing to extend the regulatory and accountability framework for managing petroleum revenues to the wider extractive sector, with plans to bring earnings from gold, lithium, bauxite and other mineral resources under a new Natural Resource Revenue Management Act.

The D. A. Twum Jnr. Fellowship, powered by The Ninani Group, has successfully graduated its pioneer cohort following a three-month immersive learning and industry development programme designed to prepare young talents for careers in Ghana’s marketing communications industry.

The Ghana Education Trust Fund (GETFund) has received 28,500 exercise books valued at GH¢100,000 from Best Assurance Company Limited as part of a strategic partnership aimed at strengthening teaching and learning resources in educational institutions across Ghana.

Planet One Oil & Gas has announced a hydrocarbon discovery at its Nya Gyidie-1X exploration well in the Deepwater Cape Three Points (DWCTP) Block offshore Ghana.

The Bank of Ghana (BoG) will introduce a redesigned series of Ghana cedi banknotes into circulation from December 1, 2026, incorporating enhanced security features, improved durability and smaller sizes as the central bank seeks to modernise currency management and strengthen public confidence in the national currency.

The government will lower its primary surplus target from 1.5 percent to 0.5 percent of Gross Domestic Product (GDP). The aim is to finance a US$10 billion, four-year economic transformation programme branded the New Economy, Finance Minister Dr Cassiel Ato Forson announced on Thursday. 

Government’s 24-Hour Economy programme is targeting increased industrial production, expanded exports and job creation by mobilising private sector investment and deploying technology across productive sectors, as government seeks to accelerate industrialisation and strengthen the country’s manufacturing base.

Government is targeting a commercially scaled textile and garment industry by 2030, supported by a US$1 billion investment .