President John Dramani Mahama says the country is beginning to see signs of economic recovery, pointing to a strengthening cedi and falling prices in local markets as evidence of progress.

Speaking at a durbar in Wa in the Upper West Region on Thursday, Mr Mahama said his government’s policy measures were starting to bear fruit, just months after taking office.

“Since taking over the reins of government, our focus has been on stabilising the economy,” he said. “We therefore presented to Parliament in March this year a budget which was aimed at severely trimming expenditure and channelling saved revenue into priority programmes as promised in our manifesto.”

The president attributed the improvements to a renewed commitment to fiscal discipline and strategic public investments.

“I am happy to report to you that our efforts to stabilise the economy have begun to yield results,” he told supporters, “and it is evident in the improved performance of our local currency and also a gradual reduction of prices of goods and services in the market.”

His remarks come as the cedi shows signs of strengthening after months of volatility, and inflationary pressures appear to be easing in some parts of the country. Analysts have welcomed the developments cautiously, noting that sustained progress will depend on continued economic discipline and global market conditions.

Source:TheDotNews