President John Dramani Mahama has expressed optimism about Ghana’s economic recovery, citing the cedi’s strength against foreign currencies like the US dollar.
Addressing Ghanaians in the Upper West Region during a thank-you tour on Thursday, May 15, President Mahama said his government’s efforts to stabilize the economy have begun to yield results.
“I’m happy to report that our efforts to stabilize the economy have started to show results, evident in the improved performance of our local currency and a gradual reduction in prices of goods and services,” President Mahama said.
He commended the Finance Minister and the Bank of Ghana for their collaboration in restoring the country’s economy.
“I wish to commend the Honourable Minister of Finance and the Governor of the Bank of Ghana for their close collaboration in this economic turnaround”.
He assured Ghanaians that more positive news will be announced in the mid-year budget review scheduled for August 2025.
“I’m sure that by the time the Honourable Minister presents his mid-year review budget in August, we’ll have more good news for Ghanaians,” President Mahama said.
Additionally, President Mahama announced that the cabinet will soon approve priority projects under the Big Push infrastructural program.
This project, he says, will focus on numerous infrastructure projects, including, dualization of major highways, such as Accra-Kumasi and Accra-Tagpe roads, construction of major bridges, including the Dambai Bridge and Chia-Mangfrum Bridge.
He assured the rehabilitation of bridges, such as the Bipe Bridge, Dabwaya Bridge, and Yape Bridges, designing a new expressway between Accra and Kumasi to reduce travel time to two and a half hours.
