You Created The Mess, Don’t Lecture Us: Franklin Cudjoe Backs Government’s New Economy Programme

IMANI Africa President Franklin Cudjoe has thrown his support behind the government’s upcoming New Economy Programme, taking aim at critics who offer post-crisis economic theories after presiding over the country’s previous financial troubles.

In a statement posted on Facebook, Cudjoe argued that it is logical to trust leadership promising a $10 billion domestic-driven economic plan when they have already demonstrated remarkable fiscal discipline. He highlighted official figures showing Ghana’s public debt fell from GH¢726.7 billion (61.8% of GDP) in 2024 to GH¢630.2 billion (45% of GDP) by October 2025—a single-year reduction achieved without relying on external borrowing, but through prudent fiscal management and a strengthened cedi.

Cudjoe directed sharp criticism at economic commentators and opposition critics, asserting that those who allowed past debt crises to escalate have little standing to lecture current managers. He praised key officials, including Finance Minister Dr. Cassiel Ato Forson, GoldBod CEO Sammy Gyamfi, and Bank of Ghana Governor Dr. Johnson Asiama, describing them as true patriots dedicated to restoring debt sustainability and rebuilding international reserves.

Under the proposed framework, the New Economy Programme will be funded by allocating 1.5% of GDP annually from 2027 through December 2030, ensuring development without burdening the nation with extra debt.

With the formal unveiling of the initiative expected during Thursday’s national budget presentation, Cudjoe emphasized that the ultimate test remains whether Ghana can successfully build a resilient, self-funded economy using its own domestic resources.

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