{
  "id": 12550898,
  "title": "Account for the old economy before selling us a new one",
  "url": "https://urgent.news/2026/10/07/account-for-the-old-economy-before-selling-us-a-new-one",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T03:53:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/account-for-the-old-economy-before-selling-us-a-new-one/"
  },
  "original_language": "en",
  "account": "Dr Cassiel Ato Forson, Ghana's Finance Minister, has been promoting the \"New Economy\" to Ghanaians in recent weeks. He presented the plan to the Association of Ghana Industries, the Trade Ministry, and banks, with full details expected in the 2027 Budget. The plan aims to increase domestic production, create jobs, and reduce import dependence. However, critics argue that the government's previous \"New Economy\" initiatives have failed to deliver results, and before investing in the new plan, Ghanaians deserve to see evidence of success from the old ones. For instance, the 24-Hour Economy initiative promised 1.7 million jobs by the end of 2028, but the Secretariat's recent report only mentions 268 filling stations and 33 manufacturers operating in shifts. Similarly, the Women's Development Bank, which was promised almost two years ago, has not lent a single cedi, despite receiving GH¢51.3 million in 2025 and additional funding in 2026. The One Million Coders Programme, which aimed to train a million young Ghanaians, has only completed 28,000 modules, with no clear evidence of job placement. The Feed Ghana programme, aimed at boosting poultry production, has been criticized for beneficiaries consuming the birds instead of rearing them. Overall, the New Economy plan commits about US$10 billion over four years to commercial agriculture, mining value addition, energy, and transport infrastructure. However, critics question whether the government can deliver on its promises, given the lack of results from previous initiatives.",
  "summary": "The Finance Minister, Dr Cassiel Ato Forson, has spent the past few weeks introducing Ghanaians to what he calls the “New Economy.”",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}