Mahama unveils $10bn 'New Economy' plan for Ghana
The four-year programme from 2027 to 2030 aims to grow what Ghana produces and processes at home, and will feature in the 2027 Budget.
President John Dramani Mahama has announced a New Economy programme, a US$10 billion investment plan covering 2027 to 2030. It is meant to shift Ghana from restoring economic stability to expanding how much it produces, how much it processes locally and how many jobs its industries can create.
The programme is built around seven priority areas: macroeconomic stability, commercial agriculture and agribusiness, energy, critical minerals, textiles and garments, tourism and the creative economy, and pharmaceutical manufacturing. It is expected to feature prominently in the 2027 Budget, which Finance Minister Dr Cassiel Ato Forson is scheduled to present to Parliament on Thursday, November 12.
The government says the plan targets constraints such as expensive credit, unreliable or costly energy, inadequate processing facilities and heavy dependence on imported goods. Ghana completed the final review of its International Monetary Fund programme in July 2026, recorded six per cent growth in the second quarter and saw inflation fall to 5.2 per cent in September.
Why it mattersBusinesses, farmers and workers are the groups the government says the programme must reach, with agriculture, energy and textiles among the sectors targeted for investment.