President John Dramani Mahama has assured Ghanaians that he remains committed to stabilising Ghana’s economy as a foundation for sustainable development.
According to him, his administration will roll out strategic efforts to address the depreciation of the cedi, high inflation, soaring interest rates, and the growing debt burden.
He said this while speaking at the Africa Business Forum 2025 on Monday, February 17, 2025, in Addis Ababa, Ethiopia.
The forum was organised by the United Nations Economic Commission for Africa on the theme “Moving from Potential to Prosperity: Activating Africa’s Regional Value Chain.”
Mr. Mahama noted that there was the need to analyse the root causes of Ghana’s economic crisis while implementing decisive measures, including a comprehensive debt management plan.
“In a crisis, the first thing that you do is to focus on stabilising, and that is what we are focused on—bringing interest rates and inflation down, stabilising the currency, and dealing with debt overhang. That is where our focus is for now,” he said.
“At the same time, we must analyse the factors that brought Ghana to this point and implement steps to ensure we do not end up in this situation again. That will entail strengthening the Fiscal Responsibility Act and the Public Financial Management Act.
“We need to cut out waste and reduce corruption. These are some of the critical issues that must be addressed,” he assured.
By: Rainbowradioonline.com/Ghana
