By Ashiadey Dotse
President John Dramani Mahama has announced plans to invest more than $9 billion in job-creating sectors of Ghana’s economy between 2027 and 2030 under a new government policy called the New Economy.
The President said the initiative would focus on expanding economic opportunities and creating sustainable jobs for Ghanaians.
He made the announcement during the 2026 Hogbetsotso Festival durbar at Anloga in the Volta Region on Saturday, November 7, 2026.
President Mahama said 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.
“In this presentation, we will outline our plan for what we call the New Economy. This is a bold initiative that will seek to invest over $9 billion in job-rich sectors of the economy between 2027 and 2030,” he said.
He explained that the Volta Region would benefit from the policy, particularly in textiles, garment production, commercial agriculture, hospitality and tourism.
According to him, these sectors have the potential to expand business activities and 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.
He attributed the increased financial support available to district assemblies to a directive he issued after assuming office, requiring that at least 80 per cent of the Common Fund be transferred directly to district administrations.
He said the measure was intended to give local authorities more resources to undertake development projects and address the needs of their communities.
