Ato Forson begins groundwork for Mahama’s $10bn New Economy agenda

Finance Minister Dr Cassiel Ato Forson has commenced discussions with key government ministries to lay the groundwork for the government's New Economy transformational programme, which is projected to require $10 billion in investments. The programme aims to elevate Ghana into a new era of economic development, leveraging opportunities to expand production, generate employment, and increase wealth.

During these consultations, Dr Forson, his deputy, the Ministry's Chief Director and other senior officials met with Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare and her team. Dr Forson emphasized that the stabilisation phase, although essential for laying the foundation, is not the ultimate goal. "Our focus now is on transformation," he said.

The New Economy initiative seeks to make Ghana less susceptible to external shocks by fostering domestic production and expanding business and job opportunities. President John Dramani Mahama has stated that the programme's full details will be unveiled in the 2027 Budget, scheduled for release in November. The current ministerial consultations are thus crucial preparatory steps, as the government transitions its economic stability gains into sustained investment, employment, and growth.