Mahama pledges to prioritise cedi stabilisation

President-elect John Dramani Mahama has outlined his top priority for his incoming administration: stabilizing Ghana’s economy and addressing the depreciation of the cedi.

Recognizing the severe impact of inflation and the weakening currency on Ghanaians, Mahama pledged swift action to restore economic stability. He expressed confidence in his government’s ability to implement measures that would promote growth, tame inflation, and stabilize the cedi.

During a courtesy visit by Algerian Ambassador to Ghana, Mourad Louhaidia, Mahama emphasized the importance of strengthening international relations with key economic partners.

“Our focus is on reviving Ghana’s economic growth, stabilizing the currency, and tackling inflation. This is a pivotal moment for us to deepen collaboration with partners like China,” Mahama stated.

Strengthening Ties with China

The President-elect highlighted plans to prioritize technical and economic cooperation with China after his government takes office. He announced that a delegation would soon be dispatched to Beijing to engage in discussions on critical economic issues.

Mahama’s remarks underscored his commitment to building stronger international partnerships to support Ghana’s recovery and development goals.

“This administration is determined to take decisive steps to address Ghana’s economic challenges and build a foundation for sustainable growth,” he said.

As Ghana prepares for the transition of power, Mahama’s plans signal a proactive and collaborative approach to restoring economic stability and strengthening global ties.