President John Dramani Mahama has cautioned that Ghana is “not out of the woods despite yet significant economic progress,” even as key indicators point to an improving economy.
Addressing members of the Ghanaian community in Addis Ababa, Ethiopia, President Mahama said 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 urged against complacency, warning that Ghana has in the past recorded gains only to lose ground when global shocks hit. According to him, the next priority must be “building an economy strong enough to withstand future disruptions.”
President Mahama also raised concerns about rising migration pressures linked to insecurity in parts of West Africa, including conflicts and terrorist insurgencies, which he said could have direct consequences for Ghana’s development and infrastructure.
He called for stronger collaboration across the subregion and the continent, stressing that Ghana’s stability is closely tied to the fortunes of its neighbours and that the country cannot thrive in isolation.
President Mahama assured Ghanaians living in Ethiopia of government support both home and abroad to help create a stable country attractive for investment and a comfortable retirement.
Source: Starrfm.com.gh/Fred Duhoe
