Neoliberalism is often dealt with for its macroeconomic implications. However, this research will outline how neoliberalism affects all parts of life beyond its macroeconomic policies. This research aims to outline how the implementations of neoliberalism shape the state, society, and economy in an effort of a state-driven project of social engineering. It will do so in the example of Ghana. The conduct of neoliberalist engineering is being examined in connection with development efforts driven by the IFI though enforcing development programmes as conditions for loans. Through implementing development programmes and receiving the connected loans, the IFI gain a position of power that can be considered an expression of hegemony, as interpreted by Cox, and so can the neoliberal agenda they promote. Therefore, besides the implications of neoliberalism on the state, economy and society, the research will outline how these forms of shaping are reflected upon in the development discourse in Ghana, pointing out incidences of hegemonic and counter-hegemonic positions. The research considers the historical and social context, and the dominant discourse held by the state, including vital social movements responding to the implementation and the IFI´s influence through them.