Dumelo highlighted the Mahama administration’s plan to inject US$500 million into the oil sector
The Member of Parliament for Ayawaso West Wuogon, John Matthew Kofi Setor Dumelo, has expressed confidence that the 2026 Budget will drive job creation and accelerate economic growth, especially through renewed investment in Ghana’s oil and palm oil sectors.
Contributing to the debate on the 2026 budget statement in Parliament, Dumelo highlighted the Mahama administration’s plan to inject US$500 million into the oil sector, an initiative he said could generate over 250,000 jobs and significantly enhance national revenue.
He urged government to prioritize increased production in both crude oil and oil palm, noting that neighbouring Côte d’Ivoire continues to benefit from large-scale cultivation and export.
According to him, Côte d’Ivoire exports about 650,000 metric tonnes of oil palm, earning substantial revenue, and Ghana must adopt similar strategies to grow the sector.
“We cannot overlook the potential of the oil business. Prioritising this sector will boost our revenue and support long-term economic transformation,” he said.
Dumelo further commended President John Dramani Mahama’s interventions in the 2026 Budget, stressing that sustained investment and deliberate policy direction are essential to reset the economy for growth, jobs, and structural transformation.
