President John Dramani Mahama has reaffirmed his commitment to stabilizing Ghana’s economy, addressing key challenges such as the depreciation of the cedi, high inflation, soaring interest rates, and the growing debt burden. Speaking at the Africa Business Forum 2025 in Addis Ababa, Ethiopia, Mahama emphasized the importance of analyzing the root causes of Ghana’s economic crisis while implementing decisive measures.
The President stressed that in times of crisis, stabilization is the primary focus. “We are focused on bringing interest rates and inflation down, stabilizing the currency, and dealing with debt overhang,” he said. Mahama also highlighted the need to understand the factors that led to the crisis and to take steps to ensure it does not recur.
To achieve this, Mahama proposed strengthening the Fiscal Responsibility Act and the Public Financial Management Act. He also emphasized the importance of cutting out waste and reducing corruption, citing these as critical issues that must be addressed.
Ruth Abla ADJORLOLO
