President John Dramani Mahama has launched an eight-pillar economic strategy to revitalize Ghana’s economy, focusing on fiscal discipline, market confidence, and strategic investments.
The plan aims to restore economic stability and drive long-term growth.
It also involves expanding export capacity, positioning Ghana as a regional economic hub, and driving infrastructure growth through creative financing models.
Speaking at the Ghana CEO Summit in Accra on Monday, May 26, the president emphasized the importance of maintaining strict fiscal discipline in government spending and borrowing while working towards targets set under the extended credit fund.
According to him, Ghana should have completed the fourth review of the IMF programme in June 2025.
“With an exit strategy by 2026, followed by policy support engagement to reinforce responsible financial practices” he stated.
The strategy includes key initiatives such as: 1. Completing the IMF programme
2.Reopening access to capital markets
3.Reforming sovereign and local government financing
4.Strengthening public financial management
5.Clearing verified arrears and rationalizing public investments
6.Accelerating public financial management reforms
7.Revitalizing exports through Ghana exim bank and building Ghana into a regional hub for trade investment
8.Resuming infrastructure development to stimulate growth
