By Love Wilhelmina Abanonave
A Ranking Member of the Finance Committee of Parliament, Dr. Mohammed Amin Adam, says those hoping that the New Economy Programme promised by government will give them jobs will have to wait until 2030.
“Those who were hoping that the new economy will give them jobs, I’m sorry to tell you the government is expecting to deliver these jobs in 2030,” Dr. Amin Adam said.
He was speaking after the 2027 Budget Statement and Economic Policy was presented to Parliament by the Minister of Finance, Dr. Cassiel Ato Forson, on Thursday, 12th November 2026.
Dr. Amin Adam said while Ghanaians are calling for jobs now and expected the 2027 Budget to give them the jobs, the government is promising the jobs in 2030.
“While Ghanaians are crying for jobs now and we’re expecting the 2027 budget to give them the jobs, the government is promising the jobs in 2030,” he said.
President John Dramani Mahama’s target is to reduce unemployment to below eight per cent by 2030.
Dr. Amin Adam, who is also the Member of Parliament for Karaga, said the 2027 Budget and the New Economy Programme, which was unveiled as the centrepiece of the Budget, would not provide immediate relief to many Ghanaians, particularly young people, who are currently unemployed and looking for work.
According to him, the New Economy Programme is a four-year plan covering 2027 to 2030, under which government intends to invest about $10 billion to boost production, value addition, industrial growth and job creation.
He argued that although the programme sets out eight pillars, including macroeconomic stability and affordable finance, commercial agriculture, energy infrastructure, critical minerals value addition, tourism, culture and creative arts, textiles and garments, pharmaceuticals and biomanufacturing, and the technology economy, the programme would not deliver its expected jobs in 2027.
Dr. Amin Adam said Ghanaians expected the 2027 Budget to contain clear and measurable measures to create jobs in 2027, to address the current unemployment situation.
He said pushing the main unemployment target to 2030 means the Budget has failed to respond to the urgent demand for jobs.
The Minority Ranking Member said the Minority in Parliament will closely scrutinise the Budget to assess whether government’s targets are achievable and whether the targets set by government are achievable, and whether the measures announced will translate into real jobs and improved incomes for Ghanaians.
