President John Dramani Mahama has expressed optimism about the strength of Ghana’s economy, stating that recent policy measures have positioned the country to better withstand global economic disruptions.
Speaking during his “Resetting Ghana Tour” in the Bono Region on Wednesday, March 18, the President pointed to rising geopolitical tensions involving Israel, Iran, and the United States as a reminder of the unpredictable nature of the global economy.
He noted that previous global crises, including the COVID-19 pandemic and the Russia-Ukraine war, exposed weaknesses in economies that lacked strong financial safeguards.
“In this world, unexpected events can occur at any time. If your monetary system is not well cushioned, such shocks can destabilise the economy,” he said.
According to President Mahama, his administration has prioritised economic stabilisation through targeted fiscal and monetary measures over the past year, aimed at building resilience against external shocks.
“I have hope that the measures we have put in place in our first year have strengthened the economy. Even with ongoing global tensions, our economy will be able to withstand the impact,” he added.
Beyond macroeconomic stability, the President also outlined plans under the government’s proposed 24-hour economy policy, which seeks to transform local commerce and productivity.
He revealed that modern market centres will be developed across districts nationwide, equipped with essential infrastructure such as financial services through a Women’s Development Bank, as well as security and emergency services.
The proposed facilities will also include cold storage systems, daycare centres for traders’ children, hospitality spaces for food vendors, and transport terminals to improve accessibility and efficiency.
President Mahama said the initiative is expected to enhance economic participation, particularly among women, while fostering a more inclusive and productive business environment across the country.
