MP Kojo Oppong Nkrumah, the Ofoase‑Ayirebi representative, the NPP Policy Committee chair and ranking member of Parliament’s Economy and Development Committee, denounced the forthcoming 2027 Budget as a "new economy scam" at a press conference held by the parliamentary minority on Tuesday, November 10, 2026.
Oppong Nkrumah said the budget would feature a rebranding of existing policies, coupled with figures that he believes do not mirror the realities faced by ordinary Ghanaians. "The new economy is a scam. It is the old failed promises repackaged with new branding, some new colours," he declared.
He compared the initiative to the transformation of the Precious Minerals Marketing Company into the Ghana Gold Board, arguing that the government is simply repackaging existing initiatives as fresh solutions. "Just like how they did to the gold purchase programme which they now rebranded as Ghana Gold Board. So now when you hear them talking, they say, oh, Ghana Gold Board is the solution," Oppong Nkrumah said.
He also accused the administration of rebranding its 24‑Hour Economy policy as the new economy, calling the move a defining feature of the upcoming budget. The MP questioned whether the economic indicators the government is expected to present will translate into improved living conditions for households, noting that headline figures may paint a different picture from what people experience daily. "You will see that they will be publishing nice figures at the top which have no bearing with the reality in people's pockets," he added.
The government’s proposed new economy agenda focuses on commercial agriculture, energy, critical minerals, textiles and garments, tourism and pharmaceuticals. The minority has argued that the initiative merely repackages the 24‑Hour Economy policy.
Finance Minister Dr Cassiel Ato Forson is scheduled to present the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.
Observers will watch how the government responds to Oppong Nkrumah’s accusations and whether the budget delivers on its promises or continues the pattern of rebranding without substantive change.
