President Mahama Unveils Eight-Pillar Economic Reset Plan for Ghana

President John Dramani Mahama has outlined an eight-pillar economic reset plan aimed at restoring Ghana's fiscal discipline, market confidence, and long-term growth during the 2025 Ghana CEO Summit. Key pillars include completing the IMF programme with strict expenditure and borrowing discipline, with a target to exit by 2026 and transition to non-borrowing engagement through policy support instruments. The plan emphasizes reopening domestic and international capital markets in collaboration with the IMF, Ghana Stock Exchange, and local banks, linking future borrowing to self-financing, commercially viable projects. Strengthening sovereign funds and local government financing involves amending financial regulations to mandate contributions to sinking and stabilization funds and empowering municipalities to issue infrastructure bonds. Additionally, the government is conducting a comprehensive audit of verified arrears to clear legitimate debts and rationalize public investments, while revitalizing reforms such as the Treasury Single Account and integrated tax systems to enhance financial efficiency and curb waste. The strategy also includes repositioning the Ghana Exim Bank to support export growth and job creation, and building Ghana into a regional hub for trade, transport, and digital services.