President John Dramani Mahama has pointed to what he describes as promising indicators of economic recovery during his administration, highlighting the appreciating Ghanaian cedi and falling market prices as proof that recent policy initiatives are beginning to bear fruit.
Addressing a gathering in Wa, Upper West Region, on Thursday, May 15, as part of his nationwide thank-you tour following his electoral success in 2024, President Mahama elaborated on his government’s efforts to restore economic stability since he assumed office earlier this year.
“Since taking over the reins of government, our primary focus has been on stabilising the economy,” he stated. “In March this year, we presented a budget to Parliament aimed at significantly reducing expenditure and redirecting saved revenue into priority programmes, as we promised in our manifesto.”
He emphasised that the government’s dedication to fiscal discipline and strategic investments is starting to yield favourable outcomes.
“I am pleased to inform you that our endeavours to stabilise the economy are beginning to show results, evident in the enhanced performance of our local currency and the gradual decline in the prices of goods and services in the market,” Mahama remarked.
His statements come at a time of measured optimism among analysts and the public, as the cedi demonstrates signs of recovery following a period of significant depreciation, while inflation rates appear to be easing in key urban areas.
