President John Mahama has assured Ghanaians that more positive developments are on the way, with key economic updates expected in the upcoming mid-year budget review in August. "I'm sure that by the time the Finance Minister returns to Parliament in August for the mid-year review, we'll have even more good news for Ghanaians," the President said during his 'Thank You Tour' in the Upper West Region.
He said early signs of economic recovery, including a stronger cedi and easing cost of living, are evidence that policy reforms and budget discipline are beginning to pay off. "Our focus has been on stabilising the economy.
We therefore presented to Parliament in March this year a budget aimed at severely trimming expenditure and channelling the saved revenue into priority programmes, as promised in our manifesto," Mahama explained.
The President praised his economic management team, particularly the Minister of Finance and the Governor of the Bank of Ghana, for what he described as "close collaboration and coordination" in steering the recovery. "I wish to commend the Minister of Finance and the Governor of the Bank of Ghana, along with their teams, for the coordination they are displaying in this economic turnaround," he said.
