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:*
1. *Access to Affordable Financing*: Expanding access to financing through institutions like the Ghana Development Bank and private financial institutions.
2. *Support for SMEs*: Providing tailored financing packages, tax incentives, and technical assistance.
3. *Infrastructure Modernization*: Upgrading roads, logistics networks, and digital connectivity.
4. *Reducing Borrowing Costs*: Reforming the credit system and promoting blended finance instruments.
5. *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.
