‘New economy is old failed promises with new branding’ – Oppong Nkrumah
MP for Ofoase-Ayirebi, Chairman of the NPP Policy Committee and Ranking Member of Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah has described the government’s proposed new economy agenda as a “scam”, accusing the administration of repackaging what he calls failed promises under a new name. Speaking at a press conference organised by the Minority in Parliament on Tuesday,…
Ghana's Deputy Majority Leader, Kojo Oppong Nkrumah, a member of the New Patriotic Party (NPP), has vehemently criticized the government's proposed new economy agenda. Speaking at a press conference on Tuesday, November 10, 2026, the Ofoase-Ayirebi MP dismissed the initiative as a "scam", alleging that it is merely a rebranding of previously discredited promises under a new moniker.
He highlighted that the upcoming 2027 Budget would be characterized by this "new economy scam", a scheme he described as an amalgamation of existing policies and economic figures that fail to mirror the challenges faced by regular Ghanaians.
Oppong Nkrumah likened the proposed new economy to the transformation of the Precious Minerals Marketing Company (PMMC) into the Ghana Gold Board (GoldBod). He contended that the government is merely applying a fresh coat of paint to present existing initiatives as groundbreaking solutions. He pointed out that the government is rebranding its 24-Hour Economy policy as the new economy, describing this move as one of the most salient features of the forthcoming budget.
He also questioned the relevance of the economic indicators the government aims to present in the budget. Oppong Nkrumah argued that these figures may present a misleading picture, offering a facade of economic improvement that does not align with the realities experienced by ordinary Ghanaians in their day-to-day lives. He pointed out that official economic statistics can often diverge significantly from the financial conditions many Ghanaians are grappling with.
The Minority has raised doubts about the proposed new economy agenda, asserting that it is a repackaging of the government's 24-Hour Economy policy. Finance Minister Dr. Cassiel Ato Forson is set to outline the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.
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