We cannot wait - Prof. Ebo Turkson urges Mahama to push structural reforms now
Professor Festus Ebo Turkson urged the Mahama administration to implement long-delayed structural reforms now, speaking on Joy News' PM Express Business Edition on Thursday. He stated, "We are enjoying stability, and we need to build resilience. Resilience will come with a structural change." He cited the recent decision to supply crude oil from the Jubilee Field to the Tema Oil Refinery (TOR) as an example of needed reforms, noting it is a structural change that will reduce imports of refined oil and put less burden on the cedi.
According to Prof. Turkson, a relatively stable cedi would lead to low inflation, a low monetary policy rate, and declining interest rates, creating an environment for businesses to expand. His comments follow Ghana's improvements in key economic indicators, including easing inflation, stronger foreign reserves, and a more stable exchange rate. However, Prof. Turkson argued that these gains require tackling the economy's structural weaknesses.
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Professor Festus Ebo Turkson has urged the Mahama administration to implement structural reforms now, warning that Ghana cannot afford to wait. He
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