{
  "id": 12636730,
  "title": "Account For Old Promises Before ‘New Economy’ – Oppong Nkrumah To Ato Forson",
  "url": "https://urgent.news/2026/10/07/account-for-old-promises-before-new-economy-oppong-nkrumah-to-ato",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T13:21:00.000Z",
  "source": {
    "name": "Daily Guide Network",
    "slug": "daily-guide-network",
    "url": "https://dailyguidenetwork.com/account-for-old-promises-before-new-economy-oppong-nkrumah-to-ato-forson/"
  },
  "original_language": "en",
  "account": "Ranking Member of Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has urged Finance Minister Dr. Cassiel Ato Forson to demonstrate the outcomes of existing economic pledges before the introduction of what the government calls the “New Economy.” Mr. Oppong Nkrumah emphasized that while goals like job creation, domestic production growth, and reduced import dependence are desirable, the government must present concrete results from initiatives launched following their assumption of office. This statement came after Dr. Forson held discussions with the Association of Ghana Industries, the Trade Ministry, and the banking sector regarding the new economic strategy, set to be detailed in the 2027 Budget.\n\nMr. Oppong Nkrumah acknowledged the appeal of goals such as those from programs such as One District One Factory and Planting for Food and Jobs, which aimed to generate jobs, funding, and industrial transformation. However, he questioned the lack of tangible results from many of these programs. He specifically addressed the 24-Hour Economy Programme, which targeted 1.7 million jobs by the end of 2028 with a budget allocation of GH¢110 million for 2026. Mr. Oppong Nkrumah raised queries about the promises made, noting that when he requested details in July, the Secretariat claimed that only 268 filling stations and 33 manufacturers were operational in shifts, despite previous claims of significant job creation.\n\nHe also criticized the Women’s Development Bank, which had allocated GH¢51.3 million in 2025 but failed to lend any money. Additionally, the bank received several hundred million cedis in 2026 but had not disbursed any funds. Furthermore, the institution remains unlicensed, and women’s groups have called for more decisive action. Mr. Oppong Nkrumah also expressed skepticism regarding the One Million Coders Programme, which aimed to enroll 300,000 participants in 2026 but reported only 140,000 registrations, 40,000 enrolments, and completion of 28,000 modules. He clarified that completing a module does not equate to becoming a coder, and there is no published data on jobs secured through the program.\n\nHe also highlighted the imperfections of the Feed Ghana Programme’s Nkoko Nkitinkiti poultry component, where beneficiaries reportedly consumed the birds instead of raising them. The Poultry Farmers Association described this phase as a \"disastrous failure.\" Additionally, the MP expressed concerns about the Feed Ghana Programme’s livestock components, which have not commenced, and questioned the reduction of the promised GH¢6,000 cocoa price.\n\nRegarding the “New Economy” plan, which could entail approximately US$10 billion over four years for commercial agriculture, mining value addition, energy, and transport infrastructure, Mr. Oppong Nkrumah observed that it seems to be a rebranding of the Feed Ghana, 24-Hour Economy, and Women’s Development Bank initiatives. He challenged claims of economic stability, recalling the NDC’s 2024 campaign promise to renegotiate the IMF program, which was subsequently abandoned. He defended the NPP administration’s efforts, citing the successful negotiation of the IMF program in May 2023, debt restructuring, and the exchange of Eurobonds, which led to a reduction in inflation from 54.1 percent at the end of 2022 to 23.8 percent in 2024.\n\nMr. Oppong Nkrumah further questioned the government’s intention to lower the primary balance floor from 1.5 percent of GDP to 0.5 percent from 2027, particularly concerning the expected repayment of GH¢58 billion in restructured domestic bonds in 2027 and GH¢53 billion in 2028. He urged Parliament to require a verifiable register of jobs under the 24-Hour Economy program, proof of loan disbursements from the Women’s Development Bank, employment statistics for graduates of the One Million Coders program, and an independent audit of the Nkoko Nkitinkiti project. He emphasized that the promises made in 2024 should still be fulfilled and called for the government to provide evidence of IMF-identified reforms and a detailed costed plan for debt maturities in 2027 and 2028.",
  "summary": "Kojo Oppong Nkrumah The Member of Parliament for Ofoase-Ayirebi and Ranking Member on Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has charged the Minister for Finance, Dr. Cassiel Read More... The post Account For Old Promises Before ‘New Economy’ – Oppong Nkrumah To Ato Forson appeared first on DailyGuide Network .",
  "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."
}