{
  "id": 19651594,
  "title": "Mahama links cedi stability to $10bn New Economy Programme",
  "url": "https://urgent.news/2026/11/12/mahama-links-cedi-stability-to-10bn-new-economy-programme",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-12T12:52:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/mahama-links-cedi-stability-to-10bn-new-economy-programme/"
  },
  "original_language": "en",
  "account": "President John Dramani Mahama highlighted the significant role the proposed $10 billion, four-year New Economy Programme will play in bolstering the strength and stability of the Ghana cedi. At the launch of the Ghana Cedi Heritage Series on November 12, 2026, Mahama emphasized that the programme, set to be a cornerstone of the 2027 Budget, aims to transform Ghana's economic structure by expanding domestic production, boosting exports, and decreasing reliance on imported goods. He underscored that enhancing the country's productive capacity is crucial for securing the future of the national currency. By producing more goods locally and leveraging more of the nation's raw materials, the programme anticipates a reduction in the demand for foreign exchange needed to finance imports, while simultaneously increasing earnings from exports. Mahama stated that these strategies, coupled with disciplined public finances and credible monetary policies, would pave the way for a more robust and stable cedi, capable of withstanding global economic shocks. He further elaborated that the program's focus is on fostering an economy that prioritizes producing more for local consumption, processing more locally grown resources, and generating more revenue from exports. Through this initiative, the government intends to strengthen local manufacturing, support domestic industries, and create employment opportunities by ensuring that a larger portion of Ghana's resources is transformed into finished products domestically. Mahama anticipated that these improvements in the cedi's strength would translate into tangible benefits for Ghanaians, including enhanced certainty for traders, improved production planning for manufacturers, and increased purchasing power for households. He expressed confidence in the cedi's future, attributing its strength primarily to the nation's capacity to expand its productive capacity through the New Economy Programme. The New Economy Programme is expected to be a central component of the government's economic strategy as Finance Minister Dr. Ato Forson presents the 2027 Budget to Parliament.",
  "summary": "President John Dramani Mahama says government’s proposed $10 billion, four-year New Economy Programme will be central to efforts to strengthen the Ghana cedi and build a more resilient economy. He said the programme, which will be anchored in the 2027 Budget, is aimed at transforming the structure of the economy by expanding domestic production, increasing […]",
  "key_points": [
    "President Mahama highlights $10bn New Economy Programme's role in stabilizing Ghana cedi.",
    "Programme aims to expand domestic production, boost exports, reduce import reliance.",
    "Enhanced local production and exports expected to strengthen cedi and boost economy."
  ],
  "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."
}