President John Dramani Mahama has cautioned that “we’re not out of the woods despite yet significant economic progress” as he assessed Ghana’s recovery since assumption of office for a second as key indicators show improvement.
Addressing the Ghanaian community in Addis Ababa, Ethiopia, on the economy and regional stability, President Mahama acknowledged that Ghana has a “good story to tell,” citing easing inflation, a strengthening cedi against the US dollar and improved debt levels.
He noted that inflation has declined, the currency has appreciated, and Ghana’s debt-to-GDP ratio has fallen within what he described as acceptable ranges, currently around 45 percent.
However, the President emphasized that the country must not become complacent, warning that Ghana has in the past made gains only to lose ground when global shocks hit.
According to him, Ghana’s next priority must be ‘building an economy strong enough to withstand future disruptions.’
President Mahama also raised concerns about increasing migration pressures linked to insecurity in parts of West Africa, including conflicts and terrorist insurgencies, which he said have direct consequences for Ghana’s progress and infrastructure.
He urged a broader approach to development, insisting that Ghana’s strives must be supported by stronger collaboration across the subregion and the continent.
President Mahama further highlighted that Ghana’s stability is closely tied to the fortunes of its neighbours, stating the country cannot thrive in isolation.
He assured Ghanaians in Ethiopia of the government’s support both home and abroad to create a conducive country worthy of investment and a comfortable retirement.
Source :www.kumasimail.com
