Government pledges to implement National Economic Dialogue reforms for sustainable growth

The government has reaffirmed its commitment to structural reforms and private sector-driven growth, pledging to implement key policy recommendations from the 2025 National Economic Dialogue. 

The two-day forum, held at the Accra International Conference Centre, focused on six priority areas, including macroeconomic stability, private sector development, infrastructure, and governance reforms, all aimed at ensuring long-term economic resilience and sustainable development.

Speaking at the closing session, Vice President Prof. Naana Jane Opoku-Agyemang assured Ghanaians that the Mahama administration was fully dedicated to implementing the resolutions reached during the dialogue. She described the reset agenda as both ambitious and necessary, calling for a concerted effort from government, the private sector, civil society, and every Ghanaian citizen to ensure its success. She emphasised that the government was fully committed to translating the resolutions into concrete action and assured participants that every concern raised during the discussions would be taken seriously.

Prof. Opoku-Agyemang highlighted key economic priorities that would guide the government’s implementation of the recovery plan. She underscored the urgency of restoring macroeconomic stability, steadying inflation, and strengthening the cedi to create an economic environment that supports long-term sustainable growth. She noted that fiscal policies must align with fiscal discipline and sound economic management to foster resilience. She further stressed that Ghana must move away from over-reliance on a few economic sectors and focus on enhancing export competitiveness.

Infrastructure development, she noted, remained a key pillar in Ghana’s economic transformation. She stated that modernising transport, energy, and communication systems would be crucial in unlocking new opportunities for businesses and communities across the country. She called for ensuring that infrastructure investments align with long-term development goals and contribute to reducing costs and improving connectivity.

The Vice President also reiterated the government’s commitment to ensuring structural and policy reforms support a more resilient and competitive economy, particularly in key sectors such as agriculture, education, healthcare, and social welfare. She said the administration would continuously review and adapt policies to meet the needs of a changing global economy.

Prof. Opoku-Agyemang further emphasised that a private sector-led growth model was essential for sustainable development. She stated that Ghana needed an enabling environment that allowed businesses to thrive through improved access to finance, better infrastructure, and a more competitive business environment. She stressed that strengthening the private sector as the engine of economic growth was necessary to create jobs and drive innovation.

She also underscored the need to anchor these interventions on good governance and anti-corruption measures. She noted that effective governance was critical to improving public sector efficiency, enhancing transparency, and strengthening institutions to eliminate corruption. She assured that the government would work with stakeholders to ensure that the action points from the dialogue were implemented effectively, with sustained efforts in fiscal reforms, private sector support, infrastructure development, and governance. She pledged that progress would be tracked and transparency maintained throughout the implementation process, making accountability a central pillar of the government’s economic strategy.

She stressed that Ghana’s economic transformation required sustained collaboration between the government, private sector, civil society, and the citizenry. She expressed confidence that with determination and collective action, the country would build a resilient, inclusive, and prosperous economy.

She noted that by reducing reliance on unhelpful policies, making judicious use of Ghana’s human and natural resources, and working towards eliminating poverty, the country would be on a solid path towards economic independence and sustainable development.