New Economy to build on two years of economic reset and consolidation – Hamza Suhuyini

A member of the National Democratic Congress (NDC) Communications Team, Hamza Suhuyini, has defended the government's proposed New Economy programme, saying it is intended to build on the economic gains made during its first two years in office.

He said the government had deliberately devoted its first year to resetting the economy and the second year to consolidating the gains before embarking on a new phase of economic transformation.

Speaking on Accra-based Channel One TV's Breakfast Daily show on Wednesday, November 11, the NDC communicator said the government was now in a position to pursue its broader economic agenda.

“We have been successful in terms of our reset of the economy and our consolidation. The time now is to unearth a New Economy,” he said.

He explained that the programme was not merely another political slogan but an attempt to take advantage of the economic foundations established over the past two years to increase productivity, strengthen local industries and expand Ghana's export capacity.

Suhuyini said the initiative is also intended to address Ghana's longstanding dependence on exporting raw materials while importing finished products.

His defence of the programme comes amid criticism from the opposition New Patriotic Party (NPP), which has questioned the government's economic agenda.

A Deputy Communications Director of the NPP, Kwesi Botchway Jr., recently described the proposed New Economy as a "well-packaged and choreographed scam", accusing the government of repackaging failed policies to deceive Ghanaians.

The New Economy is a proposed four-year economic transformation programme covering 2027 to 2030.

The programme is expected to prioritise agriculture and agro-processing, which are earmarked to receive US$5 billion, representing half of the proposed investment.