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Mahama Pledges to Prioritise Cedi Stability, Economic Growth in Second Term

2 years ago
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Mahama Pledges to Prioritise Cedi Stability, Economic Growth in Second Term

President-elect John Dramani Mahama has reaffirmed his commitment to addressing Ghana’s economic challenges, including inflation and currency depreciation, as a top priority after assuming office.

Speaking during a visit by Algerian Ambassador to Ghana, Mourad Louhaidia, who came to congratulate him, Mahama underscored the importance of stabilizing the economy and fostering international partnerships to drive growth.

“We are looking to focus and bring Ghana back up in terms of economic growth, in terms of stabilising the currency, in terms of bringing down inflation. And this is the time Ghana needs to work even closer with its partners, including China,” Mahama stated.

He revealed plans to quickly engage international partners, including China, to strengthen technical cooperation and enhance economic recovery efforts.

“As early as possible, once we get the transition out of the way, it is our hope that we will be able to constitute a delegation to begin engaging with China on the issues of our technical cooperation,” he added.

The President-elect’s remarks come at a time when Ghana faces economic headwinds, with rising inflation and a depreciating cedi impacting the livelihoods of citizens. His administration aims to implement strategic measures to restore confidence and ensure sustainable growth.

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Mahama also highlighted the need for closer ties with global partners, noting their critical role in addressing the country’s economic challenges.

Tags: cedi stabilityeconomic growthEconomic Growth in Second Term of OfficeMahamaMahama to Prioritise Cedi Stability
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