Mahama Outlines More Than $9 Billion 'New Economy' Investment Plan for 2027–2030

ANLOGA, GHANA — President John Dramani Mahama has announced plans for more than $9 billion in investment in job-creating sectors between 2027 and 2030 under what his administration calls the New Economy programme.

Speaking at the Hogbetsotso Festival in Anloga on November 7, the President said the government wanted to shift its emphasis from stabilising public finances to expanding employment and productive activity. He said the Finance Minister would outline the initiative when presenting Ghana's 2027 Budget.

The proposal is a forward-looking plan. It is not evidence that $9 billion has already been allocated, borrowed, secured or spent. The budget will be important for establishing the funding sources, annual commitments and delivery timetable.

Mahama identified textiles and garments, commercial agriculture, hospitality and tourism as areas of interest. He also discussed industrial development in the Keta area, including land acquired for a proposed light-industrial site.

The President said fiscal discipline remained necessary to ensure that programmes were adequately financed and completed. His speech connected job creation to the ability of households to benefit from broader economic improvements.

For businesses and workers, the central unanswered questions concern which projects will start first, what the public and private financing shares will be and how many verified jobs each project can create. GhanaCurrent will distinguish the government’s targets from subsequent implementation results.

Primary event: President Mahama's address to the Hogbetsotso Festival, November 7, 2026. Government source: https://presidency.gov.gh/