General News
Ghana CEO Summit: Mahama Presents Eight-Pillar Plan to Reset Economy

President John Dramani Mahama has presents an eight-pillar strategy aimed at revitalising Ghana’s economy.
The plan focuses on fiscal discipline, market confidence, and strategic investments to restore economic stability and drive long-term growth.
Speaking at the Ghana CEO Summit in Accra on Monday, May 26, the president outlined the strategy as follows:
- Completing the IMF Programme with Discipline
Mahama emphasized the importance of maintaining strict fiscal discipline in government spending and borrowing while working towards targets set under the extended credit fund.
He expects Ghana to complete the fourth review of the IMF programme in June 2025, with an exit strategy by 2026, followed by policy support engagement to reinforce responsible financial practices.
- Reopening Domestic and International Capital Markets
Plans are in motion to reopen Ghana’s bond markets through collaboration with the IMF, the Ghana Stock Exchange, and local banks. Future borrowing, Mahama stressed, will be linked to self-financing projects by government agencies to ensure sustainable repayment.
- Strengthening Sovereign Funds and Local Government Financing
The government will amend financial regulations to enforce mandatory contributions to sinking and stabilization funds, ensuring financial security. Additionally, Mahama envisions empowering municipalities to issue infrastructure bonds for local development, including roads, schools, and water systems.
- Clearing Verified Arrears and Rationalising Public Investments
A comprehensive audit of government arrears is underway, with plans to clear legitimate debts transparently. New projects will be prioritised based on need, funding availability, and alignment with national interests.
- Accelerating Public Financial Management Reforms
To enhance financial efficiency, the administration will reactivate reforms like the Treasury Single Account (TSA), integrated tax administration, and real-time budgeting tools to curb waste and corruption.
- Revitalising Exports Through Ghana Exim Bank
The Ghana Exim Bank will be repositioned to boost non-traditional exports, agro-processing, light manufacturing, and SMEs, enhancing foreign exchange reserves while creating jobs in the real economy.
- Building Ghana into a Regional Hub for Trade and Investment
Ghana aims to become West Africa’s premier commercial, transport, and digital services hub. Key sectors such as port expansion, financial services, healthcare, education, and industrial corridors will be strengthened to connect local businesses with the African Continental Free Trade Area.
- Resuming Infrastructure Development to Stimulate Growth
Mahama stressed that infrastructure investments are essential for economic growth. His administration will prioritise roads, energy, water, housing, and urban renewal projects through innovative financing models like the Big Push, public-private partnerships (PPPs), and strategic collaborations.
Source: Citi Newsroom
General News
Media Responsibility in Digital Age: Mahama calls for Accountability in new Media Landscape

President John Dramani Mahama has emphasised the critical need for media regulation in the era of social media during a recent presidential media encounter. He said, the world is moving from traditional media to new media platforms like TikTok, Facebook, and X, highlighting the transformative shift in information dissemination.
The President warned about the potential dangers of unregulated digital communication, noting that “anybody with a phone and a camera can now report news or comment on national issues.” He stressed the importance of holding these new content creators accountable to prevent potential social conflicts.
He said, if the government don’t regulate that sector, it can lead this nation to war, pointing to specific instances where inflammatory social media content has fuelled tensions, such as in the Bawku situation and Gonja conflicts.
While acknowledging the removal of criminal libel laws, Mahama underscored that legal mechanisms still exist to address harmful content, particularly hate speech and incitement to violence on digital platforms.
The call for responsible digital communication comes as a critical intervention to maintain social harmony and prevent the misuse of communication technologies.
General News
Kojo Preko Dankwa Challenges Mahama on Galamsey; President Insists Emergency Powers Not Needed Yet

President John Dramani Mahama has dismissed calls for the declaration of a state of emergency in the fight against illegal mining, popularly known as galamsey, despite growing concerns over its impact on water supply.
The debate comes on the back of a proposed 280% increase in water tariffs by the Ghana Water Company Limited (GWCL), which partly attributes the hike to the rising cost of treating water polluted by illegal mining activities.
During a public engagement, a participant asked the President whether the government would consider invoking a state of emergency to address the menace.
Responding, President Mahama said his administration was not yet prepared to take such a drastic step. He explained that existing laws already give security agencies and regulators enough authority to arrest offenders, seize equipment, and enforce forest protection measures without resorting to extraordinary powers.
“I’ve been reluctant to implement a state of emergency in the galamsey fight because we’ve not exhausted the powers we already have,” the President stated. “Implementing a state of emergency might sound nice, but it should be the last resort.”
He further noted that declaring a state of emergency would require parliamentary approval and could only last for a limited duration, making it a complex measure to apply effectively.
“The areas where galamsey is taking place cover several districts of our country. If we were to declare a state of emergency, we would need to delineate those areas clearly. For now, I believe we have given the security services enough powers to deal with those involved,” Mahama added.
Illegal mining has long plagued Ghana, contaminating rivers, destroying farmlands, and threatening sustainable access to potable water. While government crackdowns have intensified in recent years, the practice remains widespread, putting pressure on the country’s water resources and prompting difficult policy choices.
General News
Agri-Impact CEO Warns: Agriculture Budget Too Small to Drive Ghana’s Economic Transformation

The Chief Executive Officer (CEO) of Agri-Impact Group, Daniel Acquaye, has criticized the government’s allocation to the agriculture sector in the 2025 budget, describing it as inadequate to drive the country’s economic transformation.
Speaking at the PwC post-budget digest in Accra, Mr. Acquaye said only GH¢1.5 billion (about $100 million), representing 0.54 percent of the GH¢279 billion national budget, was set aside for agriculture. He stressed that this amount was insufficient, noting that achieving rice self-sufficiency alone would require over $100 million—equivalent to the entire agricultural allocation.
He warned that the underfunding contradicted government’s stated objective of making agriculture the backbone of economic growth.
Mr. Acquaye urged government to establish an Agriculture Fund, similar to the Ghana Education Trust Fund (GETFund), to guarantee sustainable financing for the sector. According to him, while education produces skilled labour, there is little investment in industries such as agriculture that can employ those graduates. Proper funding, he argued, would tackle youth unemployment, boost food security, and stimulate rural economies.
“A billion dollars from agriculture creates more jobs and opportunities than the same amount from oil or mining,” Mr. Acquaye emphasized.
The call aligns with the Malabo Declaration under the Comprehensive African Agricultural Development Programme (CAADP), where African Union members—including Ghana—committed to allocating at least 10 percent of national budgets to agriculture and achieving six percent annual growth in the sector.
Meanwhile, PwC Ghana’s Senior Country Partner, Vish Ashiagbor, noted that although the agriculture allocation looked small, complementary projects such as the GH¢10 billion “Big Push” for infrastructure and planned agri-zones could indirectly support the sector. He described the 2025 budget as a “good start,” but cautioned that effective implementation would be key to realizing its intentions.
On the increase in the Growth and Sustainability Levy to three percent, Mr. Ashiagbor expressed concern that sudden tax hikes could destabilize mining companies’ long-term planning, though he acknowledged government’s pressing need to raise revenue in a tight fiscal space.
Both speakers agreed that while the budget signaled intent, a stronger focus on execution and sustainable sector-specific funding was crucial to unlocking agriculture’s full potential in Ghana’s economy.
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