Vice President Prof. Naana Jane Opoku-Agyemang unveiled a new strategy for economic recovery on Friday, June 19, 2026. The plan focuses on curbing inflation, reducing the cost of living, and generating widespread employment. She presented this blueprint to the Ghanaian diaspora in Canada, emphasizing a path towards economic restoration.
The core of this strategy rests on expanding industrial activity and aggressively developing infrastructure. A central component is the “24-Hour Economy” policy. This policy aims to encourage businesses to operate beyond standard working hours, increasing overall productivity and creating new job opportunities across various sectors.
This initiative responds to Ghana's ongoing economic challenges, including high inflation rates and unemployment. Official data often highlights the need for sustained economic growth and job creation to improve citizens' livelihoods. Previous government efforts have sought to address similar issues, with varying degrees of success and impact on the broader economy.
Prof. Opoku-Agyemang specifically noted that the 24-Hour Economy policy will "expand business operations beyond traditional working hours, stimulate productivity, and generate employment opportunities across various sectors of the economy." This statement underlines the policy's dual goals of economic expansion and job creation.
Looking ahead, the government will also intensify the “Big Push” infrastructure programme to remove logistical obstacles. This involves upgrading national road networks and improving connectivity between rural and urban areas. The goal is to decrease transportation costs and give farmers better access to major markets. This improved infrastructure could boost trade and agricultural output.
To support agriculture, the “Feed Ghana” initiative will create Farmer Service Centres. These centres will provide essential technical support and resources to enhance food security and agricultural productivity. Such investments in agriculture are critical for Ghana, where the sector employs a significant portion of the workforce and contributes substantially to the national GDP. Increased productivity in agriculture can help stabilize food prices and support rural economies.
Beyond economic structures, the Vice President highlighted a commitment to social fairness. She mentioned the “No-Fees Stress” policy, which will remove financial barriers to higher education. Additionally, the government plans to roll out Free Primary Healthcare, ensuring broader access to medical services for all citizens. These social programs aim to protect vulnerable populations from economic instability and improve overall living standards.
Another key social intervention is the Women’s Development Bank, created to provide credit specifically for female entrepreneurs. This initiative seeks to empower women economically by giving them access to vital financial resources for their businesses. Such targeted support is crucial for fostering inclusive economic growth and reducing income inequality over time. The “MahamaCares” initiative also forms part of this social support framework, targeting specific vulnerable groups.
Finally, Prof. Opoku-Agyemang called on Ghanaians living abroad to stay involved with their home country. She described their expertise and investments as crucial for Ghana’s long-term economic transformation. The engagement of the diaspora is a vital source of foreign direct investment and intellectual capital, which can accelerate the country's development trajectory.