Ghana's Reset: A Path to Recovery and Prosperity

A Nation at a Crossroads

Ghana stands at a critical juncture. While our democracy remains a beacon of stability in a sometimes-turbulent region, our economy faces unprecedented hardship. The weight of debt and the mismanagement of resources have cast a long shadow over our nation's potential. This is not a time for blame, but a time for action. The Ghanaian people have entrusted me with a clear mandate: to solve these problems and chart a new course towards prosperity.

The Economic Crisis and the Path to Recovery

The economic reality we inherited is far more dire than anticipated. Debts, including a staggering GH¢721 billion in public debt and significant burdens on State-Owned Enterprises like ECG and COCOBOD, have crippled our financial stability. The cedi’s devaluation, coupled with high inflation, further compounds these issues.

But despair is not an option. We are committed to a multi-pronged approach to reset our economy. A National Economic Dialogue, a streamlined government with reduced expenditures, and prudent debt management practices are just the first steps. We are already seeing positive results, such as a decrease in treasury bill rates, and we are committed to working with the IMF to secure our economic future.

Investing in Ghana's Future: Youth Empowerment and Education

Youth unemployment is a ticking time bomb. With up to two million young people unemployed, we risk both economic stagnation and social unrest. Our newly formed Ministry for Youth Development and Empowerment will spearhead initiatives like the Adwumawura Programme and a National Apprenticeship Programme, providing skills training, mentorship, and access to capital to ignite entrepreneurial spirit and create jobs. Furthermore, incorporating short military training into the National Service will foster discipline and a sense of national pride.

Education is the bedrock of progress. We are committed to modernizing our education system to meet the demands of the 21st century. From enhancing foundational literacy and numeracy through the “Zero to Hero” initiative, to expanding STEM education and increasing tertiary enrollment, we will equip our youth with the skills they need to thrive in a competitive global market.

While some have claimed otherwise, I will not cancel the free SHS programme. We will improve its implementation and ensure its sustainability so that our children can continue to afford to go to school and stay in school.

Revitalizing Key Sectors: Agriculture, Energy, and Health

Ghana's agricultural potential remains largely untapped. Despite fertile lands, our food import bill soars. Through initiatives like the Feed Ghana Programme, the AgriNext Programme and targeted livestock and fisheries development, we will boost local production, reduce reliance on imports, and create jobs in the agricultural value chain.

The energy sector is on the brink of collapse, crippled by unsustainable debts. We are implementing critical reforms, including stricter adherence to the Cash Waterfall Mechanism and a focus on renewable energy solutions, to restore stability and ensure affordable electricity for all Ghanaians.

Our health sector is facing unprecedented challenges, burdened by debt and outdated equipment. We are committed to addressing these issues, revitalizing the Agenda 111 programme, and working to mitigate the impact of USAID’s service pause. Our commitment to Free Primary Healthcare and the establishment of the Ghana Medical Trust Fund (MahamaCare) will pave the way for a more accessible and equitable health system.

Building a More Inclusive Ghana: Gender Equality, Social Justice, and Disability Rights

We are committed to building a society free from discrimination and ensuring that all citizens have equal opportunities. The successful implementation of the Affirmative Action Act, the establishment of the Women’s Development Bank, and the expansion of social protection programmes are crucial steps in this direction. We will also strengthen the legal framework surrounding disability rights, ensuring accessibility and promoting inclusivity.

Good Governance and a Commitment to Transparency

The Ghanaian people have demanded accountability and transparency. Operation Recover All Loot (ORAL) is not just a slogan, it is a commitment. We are actively investigating and prosecuting cases of corruption and will continue to strengthen our anti-corruption institutions. This government will operate with integrity and will hold all those in positions of power to the highest ethical standards.

A Call to Action: Building the Ghana We Want

The path to recovery will not be easy. It will require sacrifice, innovation, and, above all, unity. I call upon every Ghanaian, regardless of political affiliation, to join us in this national endeavor. Together, we can reset our economy, empower our youth, and build the Ghana we want – a Ghana of prosperity, opportunity, and justice for all.