Physical discipline and effective policy implementation are crucial in resetting Ghana’s economic trajectory. These, coupled with sound governance, are the primary factors that can yield tangible results from the ongoing National Economic Dialogue aimed at revising the country’s national development agenda.
A major challenge facing Ghana’s economy is its persistent financial deficit and years of mismanagement by successive governments. Dr. Ibrahim Zubairu, a Senior Lecturer in Public Financial Management and Accounting at Accra Technical University, shared these insights during his appearance on the Adekyee Mu Nsem morning show on Ahotor 92.3 FM, hosted by Citizen Kofi Owusu in Accra.
The ongoing two-day National Economic Dialogue, themed “Resetting Ghana: Building the Economy We Want,” brings together a diverse group of experts, academics, and think tanks to collectively identify the country’s economic challenges and propose solutions to put the economy back on track.
Dr. Zubairu expressed optimism that the varied perspectives from the dialogue would help craft strategic policies to tackle the fundamental issues facing the country. These efforts, he believes, will provide a much-needed blueprint for long-term economic recovery.
National Economic Dialogue Set to Address Ghana’s Economic Challenges
In a related development, the much-anticipated National Economic Dialogue (NED) will kick off today, March 3, 2025, at the Accra International Conference Centre. Spearheaded by President John Dramani Mahama, the two-day forum is focused on addressing Ghana’s pressing economic challenges and charting a course toward sustainable growth.
Under the theme “Resetting Ghana: Building the Economy We Want Together,” President Mahama will deliver a keynote address that outlines his vision for revitalizing the national economy. The dialogue is part of his administration’s broader commitment to fostering inclusive discussions on economic policies and reforms, ensuring that all key stakeholders have a say in shaping the country’s financial future.
The forum will gather a wide range of participants, including representatives from the private sector, academia, public policy institutions, and civil society organizations. Discussions will be centered around several thematic sessions, including:
Achieving Sustainable Macroeconomic Stability
Promoting Economic Transformation
Advancing Infrastructure Development
Implementing Structural Reforms
Ensuring Private Sector-Led Growth
Restoring Good Governance and Combating Corruption
Amid the ongoing economic crisis, the government is hopeful that the dialogue will lead to consensus-driven solutions that can restore business confidence, improve infrastructure, and enhance the livelihoods of Ghanaians.
The expected outcomes of the dialogue are a set of concrete policy recommendations that will guide economic decisions, promoting resilience and long-term growth. Stakeholders will also work toward establishing clear commitments and milestones to reset the economy and drive transformative change.
As the National Economic Dialogue begins, Ghanaians are eager to see practical, actionable solutions that will shape the country’s economic future for years to come.
Story by:Alexander Yao Kukah
