Gov’t Outlines Bold Economic Transformation Agenda to Boost Ghana’s Global Competitiveness

Deputy Minister for Finance, Thomas Nyarko Ampem, has outlined government’s strategy to reposition Ghana’s economy for stronger global competitiveness through a broad transformation agenda centred on value addition, innovation, and productivity.

Speaking at the ACI World Congress 2026 on Friday, May 22, he said government is committed to fundamentally re-engineering the structure of the economy to ensure long-term resilience and sustainable growth.

He explained that the agenda is anchored on four major shifts: from extraction to value addition, informality to productivity, vulnerability to resilience, and dependence to competitiveness.

“We want Ghanaian businesses to compete globally. We want African capital to finance African transformation, and we want our financial markets to become engines of innovation, enterprise, and long-term prosperity,” he said.

Mr Nyarko Ampem added that the policy direction aims to create an enabling environment where young people are empowered to build technology companies rather than only seek employment.

He said the vision includes a more commercially integrated and export-oriented agricultural sector, stronger local industries capable of competing globally, and expanded digital financial inclusion across communities.

---CitiNewsRoom