Business News of Wednesday, 9 September 2026

Source: www.ghanaweb.com

New Economy Programme must drive productivity, jobs and prosperity – NDPC

Dr Thompson said the programme presents an opportunity to address longstanding structural issues Dr Thompson said the programme presents an opportunity to address longstanding structural issues

The Chairman of the National Development Planning Commission (NDPC), Dr Nii Moi Thompson, has called for the government’s New Economy Programme to translate recent macroeconomic stability into sustained structural transformation, increased productivity, job creation and improved livelihoods.

He made the call during an engagement between the NDPC and the Ministry of Finance on the New Economy Programme as part of ongoing consultations by the Minister of Finance, Dr Cassiel Ato Forson, ahead of the 2027 Budget, which is scheduled to be presented to Parliament in November 2026.

Dr Thompson said the programme presents an opportunity to address longstanding structural constraints to Ghana’s development, including low productivity, infrastructure gaps and limited economic diversification.

He stressed that the next phase of economic management should focus on building a more productive and resilient economy capable of generating jobs and creating sustainable prosperity.

He noted that the Consolidated National Development Plan being developed by the NDPC would provide a long-term strategic framework for sustaining Ghana’s development gains and ensuring continuity in the country’s transformation beyond electoral cycles.

For his part, Dr Forson outlined the government’s vision for the New Economy Programme, which seeks to move Ghana beyond economic stabilisation towards increased production, job creation, wealth generation and sustainable growth.

He indicated that the NDPC would play a critical role in tracking progress and assessing the implementation of the programme to ensure that its interventions translate into measurable development outcomes.

The Director-General of the NDPC, Dr Audrey Smock Amoah, thanked the Minister of Finance for the engagement and highlighted the role of the New Values, New Society campaign, which has been integrated into the Consolidated National Development Plan.

She said the initiative requires minimal national funding but is intended to drive high-impact solutions to critical national challenges, particularly corruption, law and order and productivity, including respect for time.

The engagement forms part of broader consultations ahead of the 2027 Budget and is expected to contribute to efforts to align the government’s economic priorities with Ghana’s long-term development objectives.