Mahama shifts focus to jobs, growth after restoring economic stability
President John Dramani Mahama has announced a strategic shift in government policy from stabilising the economy to aggressively pursuing growth and job creation, following what he describes as the successful restoration of macroeconomic stability.
Addressing workers at this year’s May Day celebration in Koforidua , President Mahama said his administration has moved beyond crisis management and is now focused on expanding the economy to deliver tangible benefits for Ghanaians.
“Stability is the foundation, but it is not the house,” he stated. “The reset we speak of is about building the house on a stable foundation. It is about shifting from merely surviving to thriving.”
According to the President, the initial phase of the government’s “Resetting Ghana” agenda prioritised stabilising the currency, controlling inflation, reducing interest rates and restoring fiscal discipline. With those gains taking hold, he said the next phase will centre on job creation and economic expansion.
“We’ll not just manage the economy, we’ll expand it to create jobs and prosperity for the Ghanaian people,” Mahama declared. “Our mission is clear we want to turn stability into opportunity.”
He stressed that job creation, particularly for the youth, will remain a top priority, with a strong focus on sectors that offer sustainable livelihoods. These include value addition in key industries and the digital economy, which he said will empower Ghanaian workers beyond basic employment.
“By investing in value addition and the digital economy, we’ll ensure that the Ghanaian worker is not just employed, but empowered,” he noted. “A stable economy is only the foundation the aim is a better life for you and your family.”
President Mahama also revealed that a new economic policy framework is set to be presented to Cabinet and Parliament by the Minister of Finance. The policy will target high-impact sectors with significant job creation potential.
“This policy aims to focus on investing one percent of GDP annually in selected growth areas of the economy that are high-yielding in job creation,” he disclosed.
The announcement signals a transition in government strategy, as Ghana seeks to consolidate recent economic gains while tackling unemployment and improving living standards.
The May Day address was attended by workers across various sectors, labour unions and government officials, with the theme centred on growth, jobs and sustainable livelihoods under the Resetting Ghana agenda.
