Mahama must outline his long-term economic transformation roadmap to Ghanaians – Prof Stephen Adei

Former Rector of the Ghana Institute of Management and Public Administration, Professor Stephen Adei, has called on President John Mahama to present a comprehensive long-term economic transformation roadmap for Ghanaians. He emphasized that the country should not settle for mere economic stability without a plan for sustained development, warning against unfair judgments of a government's performance less than two years into its term.

Prof Adei urged Mahama to share his vision for Ghana's future beyond the current stabilization efforts, stating that it would serve as a crucial legacy for the president. He highlighted several factors that could help mitigate fiscal pressures ahead of the 2028 general elections, such as Ghana's involvement in the IMF's 36-month Policy Coordination Instrument, the government's reserve accumulation policy, and the debt restructuring completed in 2024 and 2025.

The IMF arrangement could facilitate regular fiscal performance reviews, stronger reserves could provide a buffer against economic pressures, and the debt restructuring extended debt maturities, reducing immediate financing pressures. Prof Adei expressed hope that these measures would contribute to a more stable economic environment during the 2028 election year.

He also called for a 40-year national development plan, which he collaborated on with his predecessor as chairpersons of the National Development Planning Commission, emphasizing that the current period presents an opportunity to establish a lasting direction for Ghana's development.