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1st June 2024 6:00:00 AM
1 min readBy: Phoebe Martekie Doku

Former President John Dramani Mahama emphasized that if re-elected as president, his primary focus would be on stabilizing the economy and restoring a strong currency.
He pledged to implement an urgent economic recovery plan and fiscal consolidation strategy, starting with a national economic dialogue within the first hundred days of his tenure.
Addressing the 8th CEOs Summit in Accra on May 27, 2024, Mahama, the flagbearer of the National Democratic Congress (NDC), reiterated, “Our top priority will be stabilizing the economy and bolstering the currency. We will swiftly implement an economic recovery and fiscal consolidation plan after conducting a national economic dialogue within a hundred days of taking office.”
Mahama also expressed concern over the persistent challenges facing the Ghanaian Cedi, criticizing the government's inaction in mitigating the currency's rapid depreciation against major trading currencies, notably the Dollar.
He highlighted grim economic indicators such as a spike in unemployment to 14.7% from 8.5% in 2017, record-high inflation surpassing 25%, and soaring interest rates ranging from 30% to 50%.
Additionally, he pointed out the significant devaluation of the Cedi, which has exceeded 15 Ghana Cedis to the US dollar.
Despite these challenges, Mahama accused the government of neglecting critical measures to cut expenditures, opting instead to prioritize comfort spending over transformative infrastructure investments essential for national progress.
The 8th CEO Summit, themed “Reigniting Business and Economic Growth: Charting A Path Forward; Economic Diversification and Artificial Intelligence Transformation. A Private-Public Sector CEO Dialogue and High Impact Learning,” provided a platform for discussions on revitalizing the economy and leveraging technology for growth.
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