President John Dramani Mahama has unveiled a bold economic agenda, centered on comprehensive financial sector reforms and a 24-hour economy strategy, aimed at revitalizing Ghana’s economy. Speaking at the 2025 Kwahu Business Forum, Mahama outlined a transformative vision for a resilient, inclusive, and productive economy.
Key Components:
- Financial Sector Reforms: Strengthening the private sector and enhancing its role in advancing the economic agenda.
- 24-Hour Economy Strategy: Creating an enabling environment for businesses to operate around the clock, boosting productivity and job creation.
Five-Point Action Plan:
- Access to Affordable Financing: Expanding access to financing through institutions like the Ghana Development Bank and private financial institutions.
- Support for SMEs: Providing tailored financing packages, tax incentives, and technical assistance.
- Infrastructure Modernization: Upgrading roads, logistics networks, and digital connectivity.
- Reducing Borrowing Costs: Reforming the credit system and promoting blended finance instruments.
- Refocusing the Financial Sector: Shifting emphasis from government lending and speculative trading to productive investment in businesses.
Jobs and Skills Compact:
- Aligning education and vocational training with job market demands.
- A key pillar of the 24-Hour Economy strategy.
Call to Action:
- Strengthening public-private partnerships.
- Building a transparent, corruption-free government.
- Working together to create a competitive, productive, and inclusive Ghana.
The President’s vision emphasizes the need for a collaborative approach to drive economic growth and development.
