Finance Minister urged to create tax environment that stimulates business growth

President John Dramani Mahama has unveiled a $9 billion initiative, dubbed the "New Economy" plan, which aims to boost Ghana's economy over the next three years. This announcement was made during a speech at the annual Hogbetsotso Festival in Anloga, Volta Region. The President claimed that his administration has successfully stabilized the nation's finances, and now shifts its focus towards job creation and improved living standards.

Over the next three years, the government will invest $9 billion into various sectors such as textiles, garments, commercial agriculture, hospitality, and tourism, with a particular emphasis on the Volta Region. These investments will create at least 3,000 jobs and potentially grow to 10,000 when fully operational. The President also announced plans to complete the Eastern Corridor Road by the end of 2027 and the construction of the Volivo Bridge over the Southern Volta River, which will serve as a vital link connecting the southern and northern parts of the country.

The Volta Region will benefit significantly from this policy, with projects including the construction of CHPS compounds, classroom blocks, and feeder roads, all funded through District Assemblies Common Fund disbursements.