Mahama Unveils 8-Point Plan to Reset Ghana’s Economy
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President John Dramani Mahama has laid out a bold 8-pillar strategy aimed at transforming Ghana’s economy and positioning the country for long-term growth.
Speaking at the 9th Ghana CEO Summit under the theme “Leading Ghana’s Economic Reset: Transforming Business and Governance for a Sustainable Futuristic Economy,” Mahama shared a clear and actionable roadmap to stabilize the economy, attract investors, and ease the burden on citizens.
Here’s a breakdown of his transformation blueprint:
1. Complete the IMF Programme—with Discipline
Mahama pledged to stick strictly to the IMF’s roadmap, emphasizing financial discipline and smart borrowing. The goal? Wrap up the fourth IMF review by June 2025 and exit the programme by 2026 with a solid policy support framework that keeps Ghana financially responsible.
2. Reopen Local & Global Capital Markets
Ghana will gradually return to the bond markets—both domestic and international—working closely with the IMF, the Ghana Stock Exchange, and financial institutions. Borrowing will now be tied directly to self-financing projects to avoid debt traps.
3. Strengthen Sovereign Funds & Empower Local Governments
To build financial resilience, Mahama plans to enforce mandatory contributions to the sinking and stabilization funds. On the ground, he wants municipalities to have the power to raise funds through infrastructure bonds for essentials like roads, schools, and clean water.
4. Clear Verified Arrears & Prioritize Key Projects
A full audit of government arrears is underway. Genuine debts will be settled transparently, and future public projects will only proceed if they’re truly necessary, fully funded, and aligned with national goals.
5. Fast-Track Financial Management Reforms
Expect a revival of key financial reforms, including the Treasury Single Account and integrated tax systems. Mahama is committed to cutting waste, curbing corruption, and improving efficiency in public finance.
6. Boost Exports Through a Revamped Ghana Exim Bank
To grow foreign exchange and create jobs, the Ghana Exim Bank will focus heavily on non-traditional exports, agro-processing, light manufacturing, and SMEs.
7. Position Ghana as West Africa’s Trade & Investment Hub
From port expansion to fintech, healthcare, education, and industrial development—Mahama aims to turn Ghana into a leading gateway for trade under the African Continental Free Trade Area (AfCFTA).
8. Resume Infrastructure Development to Drive Growth
Mahama plans to reignite large-scale infrastructure development through innovative funding models like the Big Push, public-private partnerships, and strategic collaborations. Roads, energy, housing, and water systems are top priorities.
According to Mahama, this bold strategy—if fully implemented—will help Ghana recover from its current debt crisis, boost GDP, create more jobs, and ease the everyday pressure on Ghanaians.
This is more than a reset. It’s a full-on economic transformation plan built to put Ghana on a sustainable path forward.
