President John Dramani Mahama has announced plans to invest more than US$9 billion in job-creating sectors of Ghana’s economy between 2027 and 2030 under a proposed government initiative known as the New Economy Policy.

The initiative is expected to drive economic transformation, expand business opportunities and create sustainable employment for Ghanaians.

President Mahama announced the plan during the 2026 Hogbetsotso Festival durbar at Anloga in the Volta Region on Saturday, November 7.

He said Finance Minister Dr Cassiel Ato Forson would present the policy details when he delivers the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12.

“This is a bold initiative that will seek to invest over $9 billion in job-rich sectors of the economy between 2027 and 2030,” the President said.

Key Sectors to Benefit

President Mahama indicated that the Volta Region would benefit significantly from the proposed investments, particularly in textiles, garment production, commercial agriculture, hospitality and tourism.

These sectors are expected to support industrial growth, expand economic activities and provide employment opportunities for young people and local communities.

The President also highlighted plans for a light industrial area dedicated to the textiles and garment industry in the Keta area.

According to him, 200 acres of land have been acquired for the project, which is expected to create at least 3,000 jobs when operations begin. The number could increase to 10,000 when the facility becomes fully operational.

Government Shifts Focus Towards Job Creation

President Mahama said his administration had spent much of its first 22 months in office focusing on stabilising the economy and restoring growth.

He indicated that the next phase would concentrate on converting economic stability into productive investments, decent jobs and improved living conditions.

“Our next task is to invest in creating opportunities for our people so that they can realise a decent and dignified life,” he stated.

He also emphasised the importance of fiscal discipline, saying government must carefully select its priorities, finance projects responsibly and ensure that development initiatives are completed.

Volta Region to Benefit From Infrastructure Projects

The President further highlighted ongoing development projects in the Volta Region, including the construction of health facilities, classroom blocks and feeder roads.

He attributed the increased funding available to district assemblies to his directive requiring that at least 80 per cent of District Assemblies Common Fund releases be transferred directly to the assemblies.

He also announced plans to complete most sections of the Eastern Corridor Road by the end of 2027 and begin construction of the Volivo Bridge over the Southern Volta River in the first quarter of 2027.

The bridge is expected to improve connectivity between communities along the Eastern Corridor.

2027 Budget to Provide Full Details

The New Economy Policy is expected to form a major part of the government’s economic agenda for 2027 and beyond.

Finance Minister Dr Cassiel Ato Forson is scheduled to present the 2027 Budget to Parliament on November 12, when Ghanaians are expected to receive further details about the proposed investment, priority sectors and implementation arrangements.

The success of the initiative will be measured by how effectively the planned investments translate into productive businesses, sustainable jobs and improved livelihoods across the country.

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