The IERPP reported that Ghana’s economy was stabilizing by 2024, disputing President Mahama’s claims of a crisis. Key indicators, including GDP growth to 3.2% and reduced inflation, demonstrated recovery. Former Finance Minister Dr. Mohammed Amin Adam supported this view, highlighting positive past international reserves. Mahama, however, called for reforms to address ongoing economic challenges.
By 2024, Ghana’s economy exhibited signs of stabilization, as reported by the Institute of Economic Research and Public Policy (IERPP). The think tank refuted President John Dramani Mahama’s assertion of an economic crisis, claiming that the previous Akufo-Addo administration had successfully circumvented such a scenario. IERPP stated, “Ghana is not in an economic crisis as of 2024 but remains in a recovery phase.”
In summary, Ghana’s economy has shown significant recovery by 2024, with key indicators like GDP growth, inflation reduction, and stabilization of the cedi suggesting a shift from crisis management to cautious economic recovery. While challenges like youth unemployment and debt persist, strategic measures and reforms are key to sustaining these economic gains.
Original Source: 3news.com
