Friday, 14 November

2026 Budget: Gov't announces ¢20 million Creative Arts Fund

Entertainment
Finance Minister Dr Cassiel Ato Baah Forson

Government has revealed a Creative Arts Fund in the 2026 budget, presented by the Finance Minister, Dr Cassiel Ato Forson.

The minister told Parliament, Thursday, November 13, 2025, that the fund will receive GH¢20 million as startup capital.

“We will also establish the Creative Arts Fund for the arts, music, fashion, food and other creative sectors,” he explained.

Dr Forson noted this was a move by government to strategically transform culture and entertainment into job-creation avenues, spurring on growth.

A dedicated pool of public capital could go a long way to empowering creatives who often walk the arduous path of prospecting, producing, and promoting their creations alone with little to no financial backing.

If government would commit such a significant amount to such a fund, perhaps it is a sign the unstructured local creative industry would soon see a long overdue change.

What remains now is action; the announcement of the fund's guidelines, its controllers, its operationalisation, and the revelation of its inaugural beneficiaries.

Source: classfmonline.com