President John Mahama says Ghana’s economy is beginning to show signs of recovery, thanks to decisive policy reforms and fiscal discipline initiated by his administration.
Speaking during his Thank You Tour in the Upper West Region, President Mahama highlighted a stabilising cedi and a gradual drop in the cost of living as early indicators of progress.
“Real work begins now, and I’m here not just to say thank you but to reassure you that your voice has been heard,” the President said. “Your vote has a purpose, and that purpose is to bring development to the region.”
He credited the improvement in economic indicators to tough policy choices made in the early months of his administration and pointed to the 2024 budget as a turning point.
“Since taking over the reins of government, our focus has been on stabilising the economy. We therefore presented to Parliament in March this year a budget aimed at severely trimming expenditure and channelling the saved revenue into priority programmes, as promised in our manifesto,” he noted.
“I’m happy to report that our efforts to stabilise the economy have begun to yield results. This is evident in the improved performance of our local currency and the gradual reduction in prices of goods and services in the market.”
The President praised his economic management team, particularly the Minister of Finance and the Governor of the Bank of Ghana, for what he described as “close collaboration and coordination” in steering the recovery.
