President John Dramani Mahama has assured Ghanaians that more positive developments will be announced in the mid-year budget review, set to be presented in August.
Speaking about the government’s efforts to stabilise the economy at a durbar in Wa as part of his thank-you tour on Thursday, May 15, Mahama expressed confidence that the country is on the right path.
Since taking office, Mahama said the government’s primary focus has been on stabilising the economy.
He explained that the budget presented to Parliament in March this year was designed to drastically reduce expenditure while directing saved revenue into priority areas, as promised in the government’s manifesto.
“I am happy to report to you that our efforts to stabilise the economy have begun to yield results,” Mahama stated, highlighting the improved performance of the local currency and a gradual reduction in the prices of goods and services as signs of success.
The President commended the Minister of Finance and the Governor of the Bank of Ghana for their leadership and close collaboration in driving the economic turnaround.
He praised their teams for their efforts and stressed that the government’s coordinated approach was key to the progress achieved thus far.
“I wish to commend the Honorable Minister of Finance and the Governor of the Bank of Ghana, along with their teams, for the close collaboration and coordination they are displaying in this economic turnaround,” Mahama added.
He expressed optimism that by the time the Minister of Finance presents the mid-year budget review in August, Ghanaians will have even more good news to look forward to.
“I am sure that by the time the Honorable Minister comes back to Parliament to present his mid-year review budget in August, we will have even more good news for Ghanaians,” Mahama concluded.
His remarks come as Ghana’s economic indicators show steady improvement, fostering renewed confidence in the country’s economic outlook.
