Mahama's 8-Point Plan: Ghana's Ambitious Economic Reset

Ghana's President John Mahama Unveils Eight-Pillar Economic Reset Plan at CEO Summit Accra, Ghana – President John Mahama addressed the nation's economic future at the 9th Ghana CEO Summit, outlining eight key pillars for an ambitious economic reset. The summit, held at the Kempinski Hotel in Accra, brought together business leaders and stakeholders to discuss Ghana's economic challenges and potential solutions. "A true reset must begin by evaluating what worked and what was abandoned," President Mahama stated, emphasizing a learning-based approach to economic recovery. His eight-pillar plan includes completing the IMF program with fiscal discipline, reopening domestic and international capital markets, and strengthening sovereign funds and local government financing. The plan also prioritizes clearing verified arrears and rationalizing public investments, with the Auditor-General's report expected by the end of May. Furthermore, it aims to revitalize exports through the Ghana Exim Bank, focusing on non-traditional exports and agro-processing. The president also highlighted the importance of infrastructure development, particularly in roads, energy, water, and housing, to stimulate growth and create jobs. The initiative underscores Ghana's commitment to responsible borrowing and sustainable repayment, aligning new projects with national interests. President Mahama's address provided a clear roadmap for the country's economic recovery and its vision to become a regional hub for trade and investment in West Africa.