Ghana's National Development Planning Commission (NDPC) has established a new technical team. This team will develop strategies to help Ghana manage economic challenges arising from the Iran conflict and wider global economic shifts.
The NDPC Chairman and the President’s Senior Advisor on UN Sustainable Development Goals, Dr. Nii Moi Thompson, launched the team on May 7, 2026. The group will create a strategy document to guide the government's short, medium, and long-term responses. Professor William Baah-Boateng, former head of economics at the University of Ghana and current Vice Chancellor of Methodist University, leads this important team.
This initiative fits Ghana's ongoing efforts to strengthen its economy and reduce reliance on traditional raw material exports. Ghana consistently seeks new markets and improved trade relations to boost its industrial base. Efforts to leverage the African Continental Free Trade Area (AfCFTA) also highlight this strategic focus.
Dr. Thompson explained that global economic changes began before the Iran conflict and will continue. He noted significant trade realignments, such as Canada's deeper ties with the European Union. He also highlighted the rise of new economic powers like Vietnam and China's expanded support for developing countries. China offers tariff-free access for many African exports.
Professor Baah-Boateng brings extensive economic expertise to this crucial role. He served as a commissioner on the NDPC’s economic policy sub-committee. Other team members include Dr. William Cantah from the University of Cape Coast and retired IMF economist Dr. Francis Kumah. Ms. Nelly Mireku, Research Director at the Ministry of Finance, and Mr. Dominic Odoom from the Ghana Statistical Service are also on the team. This diverse group ensures a wide range of analytical skills.
The team will focus on several critical areas to prepare Ghana for a reshaped global economy. These include maximizing benefits from China’s tariff-free scheme for Ghanaian products. They will also identify opportunities within the AfCFTA for promoting exports and industrial growth. The team will explore new markets in Latin America and Asia. They will also review changes and prospects in traditional markets like Europe and North America. Furthermore, they will analyze shifts in global supply chains and their impact on Ghana's trade. Finally, they will use industrial, trade, and competition policies to drive Ghana's industrialization and modernization.
This work will directly influence government planning and responses. This ensures Ghana remains competitive and resilient in a fast-changing global environment. Businesses and investors will closely observe the team’s recommendations. Their work will likely shape future trade policies and investment priorities across various sectors. The NDPC aims to provide a clear roadmap for Ghana's economic future.