Gideon Boako accuses Mahama of recycling $10bn promises from STX to New Economy Programme
Tano North MP Dr Gideon Boako has accused President John Dramani Mahama of repeatedly announcing ambitious US$10 billion projects without delivering on previous commitments. He made the accusation in a write-up issued on Sunday, November 15, in which he cited the STX housing deal, Hope City, the NDC’s Big Push infrastructure programme and the recently announced New Economy Programme as examples of what he described as a pattern of recycling the same financial commitment under different project names.
Tano North MP Dr Gideon Boako has accused President John Dramani Mahama of repeatedly announcing ambitious US$10 billion projects without delivering on previous commitments.
He made the accusation in a write-up issued on Sunday, November 15, in which he cited the STX housing deal, Hope City, the NDC’s Big Push infrastructure programme and the recently announced New Economy Programme as examples of what he described as a pattern of recycling the same financial commitment under different project names.
Dr Boako recalled that the STX deal, announced in 2009, was expected to deliver 200,000 housing units within five years.
Although Parliament approved an initial tranche of 30,000 housing units valued at US$1.5 billion in August 2010, and a sod-cutting ceremony was held at the Tesano Police Training Depot in January 2011, the project eventually collapsed without a single housing block being constructed.
He also cited the Hope City project, announced in March 2013 as a US$10 billion technology hub featuring six 75-storey towers, which he said had failed to materialise more than a decade after its launch.
The MP further recalled the US$10 billion Big Push commitment in the NDC’s 2020 manifesto, arguing that its subsequent rebranding as the US$10 billion Big Push Infrastructure Programme and the New Economy Programme raised questions about the government’s ability to deliver on its promises.
President Mahama announced the New Economy Programme in October 2026, outlining plans to invest US$10 billion over four years in agriculture and industry.
“Five announcements. One figure. Zero delivery,” Dr Boako stated, describing the successive announcements as bold promises without clear financing arrangements, identified investors or concrete implementation details.
He questioned why the government continued to introduce fresh US$10 billion commitments without accounting for previous projects, insisting that Ghanaians deserved more than repeated announcements.
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