President-elect of Ghana, John Dramani Mahama, has laid out his plans to prioritize the revival of the country’s economy as his administration prepares to take office. In a recent interview with Voice of America’s Paul Ndiho, Mahama emphasized the crucial role that economic stability plays in all sectors of the nation.
Mahama highlighted the interconnectedness of the economy with education, agriculture, sports, and every other aspect of the country. He acknowledged the pressing issues of macroeconomic stability and debt sustainability that his government will need to address, particularly in the context of the ongoing IMF program.
“We are going to continue the IMF program, but we need to ensure that we are aligned in implementing it effectively,” Mahama stated. He expressed his intention to work within the program while seeking opportunities for adjustments to better suit Ghana’s economic needs.
While Mahama confirmed that his administration will follow through with the IMF program, he hinted at the possibility of making necessary reforms to align with Ghana’s long-term economic goals. He stressed the importance of bringing down inflation, stabilizing the currency, reducing the deficit, and improving revenue generation as key priorities.
Moreover, Mahama introduced his proposed 24-hour economy policy as a strategic move to enhance productivity in Ghana. By extending operating hours for businesses and services, he aims to stimulate economic growth and create more opportunities for citizens.
With his inauguration scheduled for January 7, 2025, John Dramani Mahama is poised to lead Ghana into a new era of economic recovery and sustainable development. As he transitions into office, his focus on addressing economic challenges and implementing strategic reforms signals a promising future for the country under his leadership.
