Ghana’s economic outlook is improving under President Mahama, according to Economic Advisor Professor Khalid. He noted a change in sentiment and market response due to the administration’s proactive measures, following a challenging economic inheritance marked by debt, inflation, and currency issues.
Ghana’s economy has begun showing improvement under the leadership of President John Dramani Mahama, as highlighted by Economic Advisor Professor Sharif Mahmud Khalid. During a discussion on TV3’s Key Points, he remarked on the situation the government inherited, describing it as a severely overheated economy that exhibited negative indicators.
Professor Khalid pointed out a notable change in economic sentiment, declaring, “The market is responding positively due to the signals that the president sent,” signaling confidence in the government’s proactive measures to stabilize the economy. These developments come amidst ongoing concerns about the country’s economic condition, especially considering the challenges faced under the previous administration.
The earlier government contended with a significant debt burden, soaring inflation rates, and currency depreciation, which shaped Ghana’s economic landscape. The professor’s insights suggest a hopeful turnaround as the current administration implements strategies to foster growth and restore market confidence.
In summary, Professor Khalid’s analysis emphasizes the positive shifts in Ghana’s economic outlook under President Mahama’s leadership, indicating a recovery from the previous administration’s dire financial situation. His confidence in the government’s actions supports the notion that strategic interventions are essential for economic stabilization and future growth.
Original Source: www.ghanaweb.com
