By Joyce Kantam Kolamong
The Institute of Public Policy Initiatives (IPPI) has commended the John Mahama administration for its efforts in stabilising and growing Ghana’s economy.
According to Economist and Chief Executive Officer of the IPPI, Dr. Ahmed Saeed, key macroeconomic indicators have shown significant improvement under the administration’s 120-Day Social Contract.
This was contained in a statement signed and issued to GBC Radio Savannah in Tamale.
The indicators mentioned in the statement include: GDP growth projected to reach 4.8% in 2025; inflation rate declining to 15.2% from over 40% in previous years; exchange rate stability with reduced volatility; and eased interest rates to promote private sector borrowing and investment. Other improvements include a fiscal deficit narrowed to 5.2% of GDP and gross international reserves rising to over $6 billion.
The statement also highlighted that international agencies such as the IMF, Moody’s, Fitch Ratings, and the World Bank have acknowledged Ghana’s economic progress.
The IPPI urged the administration to sustain macroeconomic stability, accelerate pro-poor interventions, enhance local productivity, promote inclusive governance, and strengthen institutions.
Dr. Saeed emphasized that while the economic trends are commendable, they must translate into tangible improvements in the lives of ordinary Ghanaians.
The IPPI encouraged the government to remain focused and resolute in consolidating these gains for a full national recovery and sustainable prosperity.
