The Minority in Parliament has asserted that the government’s newly introduced New Economy initiative is merely a rebranding of its previous 24-Hour Economy policy.
Speaking on behalf of the Minority caucus, the former Minister for Finance, Dr. Mohammed Amin Adam, addressed the parliamentary press corps following the presentation of the 2027 Budget Statement and Economic Policy by the Finance Minister, Dr. Cassiel Ato Forson.
According to Dr. Amin Adam, the Minority had previously raised concerns ahead of the budget presentation that the New Economy was essentially a repackaged version of the earlier policy, an assertion he noted government officials had initially dismissed.
He urged the public to compare the 24-Hour Economy policy booklet, published in July 2025, with Section 3 of the 2027 Budget Statement to verify the similarities for themselves.
“The conclusion is clear. The New Economy is a rebranding of the failed 24-Hour Economy,” Dr. Amin Adam stated during the briefing.
Detailing the caucus’s analysis, the former Finance Minister contended that six core pillars of the New Economy correspond directly with specific programmes outlined in the 24-Hour Economy booklet.
He argued that the financing component aligns with the “Fund 24” programme, while the agricultural initiatives mirror “Grow 24.”
He further maintained that the focus on textiles and pharmaceuticals corresponds to “Make 24,” tourism aligns with “Show 24,” and the technology sector mirrors “Aspire 24.” Additionally, Dr. Amin Adam pointed out that the energy framework serves as the original 24-Hour enabler, noting that even the minerals pillar within the New Economy makes provision for a 24-hour critical minerals processing enclave.
By: Rainbowradioonline.com/Ghana