Account For GH¢650bn Before Launching $10bn New Economy Programme – Nkrumah Challenges Government

Ofoase-Ayirebi Member of Parliament and Ranking Member on Parliament’s Economy and Development Committee, Kojo Oppong-Nkrumah, during an interview on Citi FM on Monday October 19, 2026, challenged the government to account for the estimated GH¢650 billion allocated during its first two years in office before proceeding with its proposed $10 billion New Economy programme.

The former Information Minister urged the government to focus on the economic programme it introduced when it assumed office and explain how the substantial financial resources made available to it have been utilized.

He argued that accountability must be prioritized before the administration embarks on another major economic initiative. According to Oppong-Nkrumah, the government must provide a clear account of the funds allocated to its existing economic policies and demonstrate the results achieved with the resources.

He maintained that Ghanaians deserve explanations about how public funds have been spent, particularly at a time when the administration is proposing a new economic programme aimed at transforming the country’s economy.

“Focus on the old economic programme; the resources that have been made available to you, and account for it,” Oppong-Nkrumah said.

His comments come amid discussions surrounding the government’s proposed $10 billion New Economy programme, which is intended to support economic transformation and create opportunities for growth and employment.

However, the lawmaker believes the administration should first demonstrate what it has achieved with the resources already committed to its existing economic agenda.

The GH¢650 billion figure cited by Oppong-Nkrumah has become central to his demand for accountability. He wants the government to explain how the money has been deployed, what projects and programmes have benefited from the allocations, and whether the expenditure has delivered the intended outcomes for the country.

The MP’s remarks also raise broader questions about public financial management, the transparency of government spending and the need to measure economic policies against their promises.

For many Ghanaians, issues such as employment, household incomes, business growth and the cost of living remain important measures of economic performance.

Oppong-Nkrumah’s position suggests that announcing new economic initiatives should not take precedence over explaining the performance of existing programmes. In his view, accountability for previous spending is necessary to help citizens assess the government’s record and determine whether additional financial commitments are justified.

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