President John Dramani Mahama on Thursday projected further economic gains in Ghana’s upcoming mid-year budget review, pointing to early signs of stabilization in the nation’s economy.

Addressing citizens during a durbar in Wa as part of his nationwide thank-you tour, Mr. Mahama said Ghanaians can expect “more good news” when the mid-year budget is presented to Parliament in August. The statement builds on the administration’s narrative of fiscal discipline and recovery after taking office earlier this year.

Since assuming power, Mr. Mahama’s administration has prioritized stabilizing macroeconomic fundamentals, with the March budget crafted to curtail public expenditure and redirect resources toward critical sectors. “Our efforts to stabilize the economy have begun to yield results,” Mr. Mahama told attendees, citing a firmer cedi and a modest decline in consumer prices as early evidence of progress.

The President lauded the Finance Ministry and the Bank of Ghana for what he described as “close collaboration” in steering the economy back on track. “I wish to commend the Honorable 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.

Mr. Mahama’s remarks come as Ghana shows signs of improved investor sentiment, bolstered by a more stable currency and a softening inflation trend—developments that analysts say could pave the way for further fiscal adjustments and external financing opportunities.

Looking ahead to August, the President expressed confidence that the budget review will reflect a continuation of positive momentum. “I am sure that by the time the Honorable Minister comes back to Parliament… we will have even more good news for Ghanaians,” Mr. Mahama concluded.

Source:TheDotNews