Mahama's Eight-Point Plan to Rescue Ghana's Economy

Ghana's Economic Reset: Mahama Outlines Eight-Point Plan at CEO Summit Accra, Ghana – President John Mahama recently addressed the Ghana CEO Summit, unveiling an eight-pillar plan to revive the nation's economy. The speech, captured on video, offers a detailed look at the government's strategy for recovery and long-term stability. The plan prioritizes completing the ongoing IMF program with fiscal discipline. "We will continue discipline in government expenditure and borrowing," Mahama stated. This commitment to fiscal responsibility is coupled with a plan to reopen domestic and international capital markets, working in collaboration with the IMF and development partners. Another key pillar focuses on strengthening sovereign funds and local government financing. The government intends to amend public finance management acts to ensure contributions to stabilization funds are mandatory. This will provide resources for crucial infrastructure projects, such as roads, schools, and water systems. The president also highlighted the revitalization of exports through Ghana's Exim Bank, supporting non-traditional exports and job creation in the real economy. Furthermore, the government plans to resume infrastructure development to stimulate growth. "Infrastructure investment is not optional," Mahama emphasized. The comprehensive plan demonstrates a commitment to sustainable economic growth and resilience against future global uncertainties.