Ghana's economy is in safe hands - Mahama

John Mahama assured the citizenry that the country's economy remains resilient and in safe hands despite external shocks and global economic uncertainties on Sunday in Tamale. He emphasized that, "The country's economy is in safe hands. The economy is resilient, and despite the external events taking place, our economy is still sound and strong." He said this while addressing a durbar dubbed: "Accounting to the People" as part of his two-day Resetting Ghana Tour of the Northern Region.

President Mahama cited the government's fiscal discipline, inflation control, and ongoing infrastructure investments as indicators of economic stability. He said the government maintained economic stability amid serious economic pressures, such as rising fuel prices and shortages of petroleum products. He said that while global events, including the impact of war, had caused significant increases in fuel prices internationally, Ghana had been able to manage petroleum prices to cushion citizens and prevent inflationary pressures from rising sharply. He said the government's prudent economic management had helped stabilise the country's currency, maintain relative price stability, and protect the gains made in reducing inflation.

President Mahama said inflation, which stood above 24 per cent when his administration assumed office, had been reduced to below four per cent through fiscal discipline and sound economic management, adding government was committed to sustaining the gains. He said about 2,000 kilometres of roads were currently under construction simultaneously, including major highways linking regions and roads connecting regional capitals to district capitals. The durbar was attended by some Chiefs and people of the region, with some Ministers of State taking turns to share what had been done within their sectors over the past year and what was ongoing.