Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah, has challenged the Mahama administration to account for approximately GH¢650 billion in public resources made available to it over its first two years, questioning the government’s ability to fulfill its campaign promises.
He argued that despite the enormous financial resources allocated to the administration, several flagship economic programmes announced ahead of the 2024 general elections had yet to produce the expected results for Ghanaians.
Speaking at a Minority Caucus press conference on Tuesday, November 10, 2026, ahead of the presentation of the 2027 Budget by Finance Minister Dr Cassiel Ato Forson on Thursday, the former Information Minister said the government must demonstrate what it had achieved with the resources entrusted to it before introducing another major economic programme.
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“In the first two years, we have given this government 650 billion Ghana cedis. That’s what the people of Ghana have given to this government that they should use in fulfilling their promises,” he said.
Mr Oppong Nkrumah maintained that the government has failed to deliver on several commitments it presented to voters, including the 24-Hour Economy, the One Million Coders Programme, the Women’s Development Bank and the Nkoko Nkitinkiti poultry initiative.
He questioned why the administration is preparing to introduce what it calls the New Economy when questions remain about the implementation and outcomes of its earlier economic interventions.
“The New Economy is a scam. It’s the old failed promises which have been repackaged with a new branding, some new colours,” he alleged.
The Ofoase-Ayirebi MP accused the government of attempting to shift public attention from unfulfilled promises by introducing new policy names and initiatives.
He cited the rebranding of the 24-Hour Economy as part of what he describes as a broader pattern of repackaging existing programmes instead of addressing their implementation challenges.
According to him, the government’s performance should be measured by tangible improvements in employment, business activity and household incomes rather than announcements and favourable economic statistics.
He questioned the progress made under the 24-Hour Economy programme, which was presented as a major intervention to increase production, encourage businesses to operate multiple shifts and create employment.
He also raised concerns about the government’s job creation commitments, arguing that young people continue to face significant difficulties securing employment despite the resources allocated to economic programmes.
The MP cited youth unemployment in Greater Accra, which he put at nearly 50 per cent, as evidence of the gap between the government’s economic promises and the experiences of ordinary Ghanaians.
He argued that businesses are struggling with declining consumer demand, limited access to credit and rising operational costs.
The Finance Minister is preparing to present the government’s 2027 Budget Statement and Economic Policy, with the proposed New Economy agenda expected to feature prominently.
The government has described the New Economy as a strategy to move Ghana from macroeconomic stabilisation towards productivity, industrial expansion, investment and employment creation.
However, Mr Oppong Nkrumah insisted that the administration must first provide a comprehensive account of the programmes it previously promised to implement.
He argued that Ghanaians deserve clear answers on how much money has been committed to the various initiatives, the projects delivered, the jobs created and the measurable benefits recorded.
The Finance Minister is expected to present the 2027 Budget to Parliament on Thursday, November 12, 2026.