Ghana's economy now resilient enough to withstand external shocks - Mahama
John Mahama expressed confidence on Wednesday, March 18, in the Bono Region that Ghana's economy is now resilient enough to withstand external shocks. He said, "I have hope that the measures we have put in place in our first year have strengthened the economy. Even with ongoing global tensions, our economy will be able to withstand the impact."
President Mahama noted that past global crises, such as the COVID-19 pandemic and the Russia-Ukraine war, had exposed vulnerabilities in economies that lacked adequate financial buffers. He explained that his government's focus has been on stabilising the economy and tightening monetary policies to ensure Ghana is better positioned to absorb future shocks.
President Mahama also highlighted plans under the government's proposed 24-hour economy model, which will see the establishment of modern market centres in districts across the country. These markets will be equipped with key facilities, including a Women's Development Bank, police and fire service stations, cold storage units, daycare centres for traders' children, hospitality spaces for restaurants, and transport terminals. He said the initiative is aimed at boosting productivity, supporting women-led businesses, and creating a more efficient and inclusive economic environment nationwide.
Quick Summary
President Mahama addressed the Bono Region during his ‘Resetting Ghana Tour‘. He spoke about Ghana's economy and the need for resilience- but what does this mean for the nation's future?
Summary - read the full story for complete context.
Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy
Ghana's currency volatility linked to extractive sector leakages - Joe Jackson
Why is Ghana's currency so unstable? One expert points to a surprising source of the problem...
3d ago•
