President John Dramani Mahama has revealed plans to invest $2 billion annually over four years under the government’s proposed $10 billion New Economy Programme to accelerate industrialisation, boost production, and create jobs.
According to Mahama, the proposed $10 billion will position Ghana as a manufacturing and logistics hub for West Africa.
Mahama highlighted that the programme would channel investment into productive sectors of the economy.
He disclosed that 50% of the funding is earmarked for agriculture and agro-processing, adding that the remaining allocation would support industry and the infrastructure that will link producers to markets.
Speaking on Thursday, October 15, 2026, when he cut the sod for the commencement of construction works on the Afienya Industrial Park, President Mahama stated, “Next year, things are going to get even faster, because we are launching the new economy programme,” he said during a tour of industrial facilities.
“The new economy programme is a programme where we invest $2 billion every year in sectors that are rich with job creation,” he added.
“This is what we talk about when we say the 24-hour economy. It is beginning to show the job creation aspect of it,” he said.
Mahama further disclosed that next year things are going to move faster with the investment of the new economy programme.
“The new economy programme is a programme where we invest $2 billion every year in sectors that are rich with job creation,” he added.
“This is what we talk about when we say the 24-hour economy. It is beginning to show the job creation aspect of it,” he said.
In other news, Dr Cassiel Ato Forson, Ghana’s Finance Minister, has expressed confidence that Ghana’s economy will outperform the International Monetary Fund’s revised growth forecast of 5.7% for 2026.
Ato Forson, reacting to the IMF’s upward revision from its April projection of 4.6%, stressed that the government remained committed to fiscal discipline and reforms supporting the country’s economic turnaround.
Ato Forson stated, “The IMF has upgraded Ghana’s 2026 growth forecast from 4.6% to 5.7%. We are confident we will exceed that projection”.
The IMF’s revision represents an increase of 1.1 percentage points in the Fund’s growth forecast.
Dr Forson stated, “In Bangkok, I met with the IMF’s African Department Director, Zeine Zeidane, and reaffirmed our commitment to the fiscal credibility, discipline and bold reforms powering Ghana’s economic turnaround,” he said.
Also, the IMF has cited Ghana’s economic reform programme as an example for other countries to follow.
The IMF African Department Director, Zeine Zeidane, praised the country’s progress under the Extended Credit Facility (ECF).
During a meeting on the sidelines of the ongoing IMF-World Bank Annual Meetings in Bangkok, Thailand, Zeine Zeidane told Finance Minister Dr Cassiel Ato Forson. “We tell others to follow your steps”.
He further commended Ghana’s performance under the programme, describing it as a success and acknowledging the government’s efforts to strengthen economic management.
“I want to first commend you on how you are performing. The ECF was a great success,” he said.
He further expressed a positive assessment of Ghana’s current economic position, declaring that “Ghana is in a very good place.”
Watch the video below:
@ghnow_ Nana Yaa and her mother are travelling to London to attend a fundraising event and visit selected autism centres. The visit will provide an opportunity to learn more about autism care, support and inclusion while exploring ways to improve the lives of children with autism and special needs. ❤️ #GHNow #fyp ♬ original sound – Nurse Shelly🩺💊💉🇺🇸🇬🇭
@ghnow_ Nana Yaa and her mother are travelling to London to attend a fundraising event and visit selected autism centres. The visit will provide an opportunity to learn more about autism care, support and inclusion while exploring ways to improve the lives of children with autism and special needs. ❤️ #GHNow #fyp ♬ original sound – Nurse Shelly🩺💊💉🇺🇸🇬🇭
