President Mahama Unveils $9bn Investment Plan for Job Creation in Ghana

President John Dramani Mahama of Ghana has announced a new initiative called the New Economy, which aims to invest over $9 billion in job-creating sectors of the country's economy between 2027 and 2030. The plan focuses on expanding economic opportunities and creating sustainable jobs for Ghanaians. This announcement was made during the 2026 Hogbetsotso Festival durbar at Anloga in the Volta Region on Saturday, November 7, 2026.

The President stated that the details of the policy would be presented in the 2027 national budget, which Finance Minister Cassiel Ato Forson is expected to present to Parliament on Thursday, November 12. The plan seeks to invest in job-rich sectors of the economy, with a focus on textiles, garment production, commercial agriculture, hospitality, and tourism. These sectors have the potential to expand business activities and create employment opportunities for residents, particularly in the Volta Region.

According to President Mahama, the Volta Region would benefit significantly from the policy. The region would see growth in various sectors, including textiles, garment production, and commercial agriculture. This growth is expected to create employment opportunities for residents in the region. The President also highlighted ongoing development projects across various districts, including health facilities, classroom blocks, and feeder roads funded through the District Assemblies Common Fund.

President Mahama attributed the increased financial support available to district assemblies to a directive he issued after assuming office. The directive required that at least 80 per cent of the Common Fund be transferred directly to district administrations. This measure aimed to give local authorities more resources to undertake development projects and address the needs of their communities.

The President's initiative, the New Economy, is a bold plan to boost Ghana's economy and create jobs. The plan is expected to have a positive impact on the country's economic growth and development. By investing in job-rich sectors, the government aims to reduce unemployment and improve the standard of living for Ghanaians.

The announcement of the $9 billion investment plan has been well-received by the public, with many Ghanaians expressing hope that it will lead to economic growth and job creation. The plan is also expected to attract foreign investment and stimulate economic activity in the country. The government has assured citizens that the plan will be implemented effectively to achieve its objectives.

The implementation of the New Economy policy will be closely monitored, and its progress will be reported in future budgets. The government has emphasized its commitment to transparency and accountability in the implementation of the plan. Key points of the plan include investing $9 billion in job-rich sectors, focusing on textiles, garment production, and commercial agriculture, and creating employment opportunities for Ghanaians.

Key points

• Investing $9 billion in job-rich sectors of the economy between 2027 and 2030.
• Focusing on textiles, garment production, commercial agriculture, hospitality, and tourism to create jobs.
• Implementing the plan through the District Assemblies Common Fund to support local development projects.