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The deceased, who is a founding member of ruling New Patriotic Party (NPP), is said to have died after battling a short illness.
According to a report by Asaaseradio.com, Mr. Newman died earlier today at the Legon Hospital in Accra.
He served as the director of research at the Presidency until his demise - a position he has held since 2017.
The deceased previously worked at the Economic Research and Planning Services of the Ministry of Food and Agriculture.
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He also had working stints with the Western Castings Limited and the Ghana Exim Economic Consultants.
Victor Newman is the father of the newly-elected Member of Parliament for Okaikwei South, Dakoa Newman.