Ghana’s President-elect Mahama Pledges to Tackle Economic Challenges

John Mahama

Source: Africa Publicity

Ghana’s President-elect, John Dramani Mahama, has emphasized that his administration will prioritize macroeconomic stability and debt sustainability, citing the economy’s far-reaching impact on sectors like education, agriculture, and sports.

Economy Tops Mahama’s Agenda
“The economy affects everything else,” Mahama stated in an interview with VOA’s Paul Ndiho. “If the economy is in a bad way, it affects education, agriculture, sports, and every sector of the country.”

Twin Challenges: Macroeconomic Stability and Debt Sustainability
Mahama identified two major issues Ghana faces: macroeconomic stability and debt sustainability. Unlike previous IMF engagements, which focused solely on macroeconomic stability, Mahama’s administration will address both challenges simultaneously.

IMF Programme Continuation
Mahama assured that his administration will continue the IMF programme, with discussions requested to ensure alignment in implementation. “We’re not jettisoning the programme,” he clarified. “We’re looking for leverage to tweak it.”

Key Economic Policies
Mahama’s economic policies aim to:

1. **Implement a 24-hour
[12/15, 4:32 PM] Meta AI: Ghana’s President-elect Mahama Pledges to Tackle Economic Challenges
Ghana’s President-elect, John Dramani Mahama, has emphasized that his administration will prioritize macroeconomic stability and debt sustainability, citing the economy’s far-reaching impact on sectors like education, agriculture, and sports ¹.

Economy Tops Mahama’s Agenda
“The economy affects everything else,” Mahama stated in an interview with VOA’s Paul Ndiho. “If the economy is in a bad way, it affects education, agriculture, sports, and every sector of the country.”

Twin Challenges: Macroeconomic Stability and Debt Sustainability
Mahama identified two major issues Ghana faces: macroeconomic stability and debt sustainability. Unlike previous IMF engagements, which focused solely on macroeconomic stability, Mahama’s administration will address both challenges simultaneously.

IMF Programme Continuation
Mahama assured that his administration will continue the IMF programme, with discussions requested to ensure alignment in implementation. “We’re not jettisoning the programme,” he clarified. “We’re looking for leverage to tweak it.”

Key Economic Policies
Mahama’s economic policies aim to:

1. *Implement a 24-hour economy strategy* with three shifts of eight hours to boost economic growth.
2. *Revitalize key sectors* through sustainable growth and job creation.
3. *Enhance agricultural and manufacturing sectors* through strategic investments.

Mahama’s commitment to economic stability and debt sustainability comes amid Ghana’s significant economic challenges, including a debt-to-GDP ratio above 80% and record-high inflation ².