The Minority in Parliament has challenged the government to account for its flagship economic programmes, particularly the 24-Hour Economy initiative, before introducing its proposed “New Economy” agenda in the 2027 Budget.
The Caucus says the government must demonstrate what it has achieved under its existing economic initiatives, including the number of jobs created and investments mobilised, rather than present Ghanaians with another set of promises.
Speaking to the media ahead of the 2027 Budget presentation on Thursday, November 12, former Finance Minister and Karaga MP, Dr Mohammed Amin Adam, said the central issue was not whether Ghana needed a new economic direction, but whether the government had demonstrated the capacity, financing and policy discipline to deliver on its existing commitments.
“As the 2027 Budget approaches, the central issue is therefore not whether Ghana needs a new economy. We certainly do. The issue is whether the government has demonstrated the capacity, financing, and policy discipline to deliver one, especially when it inherited a programme which had already taken the tough decisions, started implementation, and was delivering the anticipated results.
Dr Amin questioned the implementation of the government’s 24-Hour Economy programme, which was launched in July 2025 with a projected US$4 billion investment target and a commitment by the government to provide between US$300 million and US$400 million in seed capital.
The programme was expected to create 1.7 million jobs by the end of 2028 under the “One Job, Three Shifts, Three Workers” model.
However, Dr Amin said the government had yet to raise the projected US$4 billion and had allocated only GH¢110 million to the programme in the 2026 Budget.
Dr Amin further raised concerns about the government’s decision to re-designate the 24-Hour Economy markets as district economy markets, saying the change had also affected the implementation timelines.
He said the markets, which were initially expected to be completed in 2026, had been reorganised into two phases, with completion now projected for 2028.
He called on the government to provide a credible account of its existing commitments, supported by realistic financing, measurable outcomes and clear accountability, before seeking public confidence in its proposed economic transformation agenda.
