Ghana’s transition from economic crisis to recovery is gaining momentum, but experts caution that growth must be supported by the right structures and infrastructure to ensure long-term stability.
Speaking on the GTV Breakfast Show, financial economist and policy analyst, Dr Peter Terkper highlighted key takeaways from President John Dramani Mahama’s 2026 State of the Nation Address.
He noted that while government efforts have helped restore economic stability and investor confidence, the real measure of progress will be how these policies affect everyday Ghanaians.
According to Dr Terkper, the timely implementation of government initiatives is critical to avoid delays that could slow the benefits reaching the broader economy.
“This benefit will at least cascade down to the real economy faster than waiting months before action is taken,” he said.
Dr Terkper emphasised that proactive strategies are essential to ensure that recovery gains are not temporary but instead lay a foundation for sustainable growth.
“We should see much more happening on the ground with regard to economic indicators, and the momentum should continue,” he added.
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He drew particular attention to Ghana’s agricultural sector, highlighting the ongoing field canal project as a major initiative aimed at increasing food production across the country.
However, he warned that without proper market structures, storage facilities and distribution infrastructure, the country risks a future food glut that could undermine the progress these programmes seek to achieve.
“We should grow with the right infrastructure and structures in place so that people will not be discouraged. The food Ghanaians produce will help reduce reliance on imports,” he said.
Dr Terkper also stressed the importance of creating functional markets to ensure that harvested produce can be efficiently consumed locally and exported internationally.
He said this would enable businesses to thrive, incentivise farmers and strengthen a self-sustaining cycle of production and trade.
“We need to think ahead, not just in terms of what we plant today, but also how we will manage, distribute and sell these products to maximise their impact,” he added.
Dr Terkper’s remarks underscore the need to balance immediate economic gains with long-term structural development to prevent future challenges, arguing that Ghana’s recovery must be sustainable, inclusive and resilient.
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