The government is set to introduce a new flagship economic policy framework known as the “New Economy” agenda, aimed at accelerating national development and creating sustainable jobs across the country.
Finance Minister Cassiel Ato Forson disclosed the planned initiative during a joint press briefing with the International Monetary Fund (IMF) in Accra following Ghana’s staff-level agreement with the IMF on the sixth review of the country’s ongoing support programme.
According to Dr Forson, Ghana has made significant progress in restoring macroeconomic stability under the IMF-backed reforms and is now preparing to shift attention towards economic growth and employment generation.
“Clearly, the stability is done. We’ve announced same. It’s been confirmed even by the Fund,” he stated.
He explained that the reforms implemented over the past months have strengthened the resilience of the Ghanaian economy and laid the foundation for a new phase focused on expansion and development.
“We’ve built some good resilience and we are building it continuously. It’s now time for us to develop and create jobs, and that is where we are going,” the Finance Minister added.
While full details of the proposed framework are yet to be unveiled, Dr Forson indicated that government will officially announce the “New Economy” policy in the coming days.
“And so, in the coming days, we’ll be announcing our flagship design called the New Economy, where we’ll be looking at areas of development and job creation, and that will be made known to the people of Ghana,” he said.
The announcement comes at a crucial period for Ghana’s economy as authorities seek to transition from fiscal consolidation and economic stabilisation measures under the IMF programme to policies that can stimulate investment, industrial growth, and long-term employment opportunities.
The proposed “New Economy” agenda is also expected to shape Ghana’s post-IMF economic strategy as the country prepares to move from direct IMF financial support to a Policy Coordination Instrument (PCI), a non-financing arrangement designed to maintain policy discipline, sustain reforms, and boost investor confidence.
