In a bid to revitalize the economy, President John Mahama has announced plans to introduce a new economic policy dubbed the “Big Push”.
This initiative aims to fast-track infrastructure development, create jobs, and stimulate economic growth. However, critics are skeptical about the success of this new policy, given John Mahama’s failed attempts to implement similar initiatives during his first term in office.
President Mahama’s first term was marked by several economic challenges, including a significant decline in economic growth, rising inflation, and a worsening trade deficit.
Despite his promises to turn the economy around, John Mahama’s policies failed to yield the desired results.
The economy continued to struggle, and Ghanaians were left disappointed and disillusioned.
One of the major initiatives introduced by Mahama during his first term was the continuation of the “Better Ghana Agenda”.
This policy aimed to accelerate economic growth, reduce poverty, and improve the overall quality of life for Ghanaians.
However, the policy failed to achieve its objectives, and the economy continued to struggle.
Mahama’s new “Big Push” policy is seen as an attempt to redeem himself and prove that he can deliver on his economic promises.
However, critics argue that the policy is too little, too late, and that Mahama has failed to learn from his past mistakes.
The “Big Push” policy is expected to focus on infrastructure development, including the construction of roads, bridges, and other critical projects costing about $10billion.
The policy also aims to promote private sector development, increase access to credit for small and medium-sized enterprises, and improve the overall business environment.
While the policy sounds promising, critics are concerned that it may not be enough to address the deep-seated economic challenges facing Ghana.
They argue that the policy lacks detail and that John Mahama has failed to provide a clear roadmap for implementation.
-BY Daniel Bampoe