President Mahama announces $9bn investment plan to create jobs from 2027 to 2030

President John Dramani Mahama has announced a $9 billion investment plan aimed at creating jobs across Ghana’s economy from 2027 to 2030, as part of a new government policy called the New Economy. The initiative will focus on expanding economic opportunities and generating sustainable employment for Ghanaians. The President unveiled details of the policy during the 2026 Hogbetsotso Festival durbar at Anloga in the Volta Region on Saturday, November 7, 2026.

The budget outlining the New Economy plan is expected to be presented in the 2027 national budget, which Finance Minister Cassiel Ato Forson is set to deliver to Parliament on Thursday, November 12.

According to the President, the Volta Region will particularly benefit from the policy, with initiatives in textiles, garment production, commercial agriculture, hospitality, and tourism expected to drive business growth and job creation in the region. These sectors are identified for their potential to expand activities and provide employment opportunities for residents.

President Mahama also highlighted ongoing development projects across various districts, including healthcare facilities, classroom blocks, and feeder roads, which have been funded through the District Assemblies Common Fund. He emphasized that the increased financial support for district assemblies is a result of a directive he issued upon assuming office, requiring that at least 80 percent of the Common Fund be transferred directly to district administrations.

This measure aims to empower local authorities with more resources to plan and execute development projects that address the needs of their communities.