President John Dramani Mahama on Thursday credited Finance Minister Dr. Cassiel Ato Forson and Bank of Ghana Governor Dr. Johnson Asiama for their role in steadying the country’s economy, signaling growing confidence in the administration’s fiscal and monetary policy coordination.

Speaking at a durbar in Wa Jubilee Park during a regional thank-you tour following his 2024 election victory, Mahama highlighted what he called “close collaboration and coordination” between the Finance Ministry and the Central Bank as key to stabilizing Ghana’s economic fundamentals.

“I wish to commend the Honorable Minister of Finance and the Governor of the Bank of Ghana along with their teams for the close collaboration and coordination they are displaying in this economic turnaround,” Mahama told the gathering.

The president’s comments come as the Ghanaian cedi continues a modest rebound and macroeconomic indicators show early signs of recovery, including easing inflationary pressures and improved investor sentiment.

Mr. Mahama expressed optimism that the recovery trend would continue through the second half of the year. “I am sure that by the time the Honorable Minister comes back to Parliament to present his mid-year review budget in August, we will have even more good news for Ghanaians,” he said.

While challenges remain, the administration has sought to bolster confidence through tighter fiscal controls and central bank interventions. The recent uptick in economic performance has drawn increased attention from local and international market observers, many of whom are watching to see whether the recovery is sustainable.

Source:TheDotNews