President John Dramani Mahama has reaffirmed his administration\u2019s commitment to stabilizing Ghana\u2019s economy as a stepping stone for sustainable development. Speaking at the Africa Business Forum 2025, hosted by the United Nations Economic Commission for Africa, Mahama addressed critical economic challenges facing the nation, including the depreciation of the cedi, high inflation, rising interest rates, and a growing debt burden.<\/p>\n\n\n\n
During his speech, Mahama outlined the immediate priority of his government: to stabilize the economy. He emphasized that addressing the current economic crisis is the first step toward long-term recovery.<\/p>\n\n\n\n
\u201cIn a crisis, the first thing that you do is to focus on stabilizing, and that is what we are focused on\u2014bringing interest rates and inflation down, stabilizing the currency, and dealing with debt overhang,\u201d Mahama stated.<\/p>\n\n\n\n
Mahama further discussed the importance of understanding the root causes of Ghana’s economic troubles. He stressed the need for structural reforms and strengthening financial laws to avoid a repeat of the crisis. \u201cWe must analyze the factors that brought Ghana to this point and implement steps to ensure we do not end up in this situation again. That will entail strengthening the Fiscal Responsibility Act and the Public Financial Management Act,\u201d he added.<\/p>\n\n\n\n
In addition, the President highlighted the need to combat government waste and corruption, recognizing these as significant hurdles to achieving long-term economic stability.<\/p>\n\n\n\n
The forum, themed \u201cMoving from Potential to Prosperity: Activating Africa\u2019s Regional Value Chain,\u201d brought together African leaders and stakeholders to discuss strategies for driving economic growth across the continent.<\/p>","protected":false},"excerpt":{"rendered":"
President John Dramani Mahama has reaffirmed his administration\u2019s commitment to stabilizing Ghana\u2019s economy as a stepping stone for sustainable development. Speaking at the Africa Business Forum 2025, hosted by the United Nations Economic Commission for Africa, Mahama addressed critical economic challenges facing the nation, including the depreciation of the cedi, high inflation, rising interest rates, […]<\/p>\n","protected":false},"author":2,"featured_media":1834,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard"},"jnews_primary_category":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[88,96],"tags":[104,305,4],"coauthors":[22],"class_list":["post-1832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ghana-economy-news","category-international-news-in-ghana","tag-africa","tag-au","tag-john-dramani-mahama"],"_links":{"self":[{"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/posts\/1832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/comments?post=1832"}],"version-history":[{"count":1,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/posts\/1832\/revisions"}],"predecessor-version":[{"id":1835,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/posts\/1832\/revisions\/1835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/media\/1834"}],"wp:attachment":[{"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/media?parent=1832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/categories?post=1832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/tags?post=1832"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/ghstandard.com\/fr\/wp-json\/wp\/v2\/coauthors?post=1832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}