President John Mahama has asserted that Ghana’s economy has attained sufficient resilience to withstand external shocks, attributing this achievement to a series of strategic measures implemented by his administration over the past year.
During his ‘Resetting Ghana Tour’ in the Bono Region, the president emphasised that recent global developments, including international tensions involving Israel, Iran, and the United States, underscore the importance of a robust and stable domestic economy.
He noted that the COVID-19 pandemic and the Russia-Ukraine conflict exposed economic vulnerabilities in countries lacking adequate financial buffers, underscoring the need for prudent economic management.
President Mahama reiterated that his government’s focus has been on stabilising the economy and tightening monetary policies to enhance Ghana’s capacity to absorb future shocks.
“In this world, unexpected events can occur at any time. If your monetary system is not well cushioned, such shocks can destabilise the economy,” he said.
“I have hope that the measures we have put in place in our first year have strengthened the economy. Even with ongoing global tensions, our economy will be able to withstand the impact,” he added.
Touching on the 24-hour economy, Mr Mahama’s plans were underway to construct modern market centres in districts across the country.
These markets, he explained, will be equipped with key facilities, including a Women’s Development Bank, police and fire service stations, cold storage units, daycare centres for traders’ children, hospitality spaces for restaurants, and transport terminals.
By: Rainbowradioonline.com/Ghana
