H.E. John Dramani Mahama has revealed his confidence in the country’s economy, stating it is strong enough to survive external shocks.

He highlights that the economy under his administration remains steady and is fully convinced it would endure international frictions such as the Israel-US war against Iran.

“Without a resilient economy, any external shock will have severe consequences, and it is therefore important that we sustain the gains made over the past year,” President Mahama said as he declared that the macroeconomic stability had shown significant improvement, citing a sharp decline in inflation from 23.4 per cent to 3.3 per cent and stressed that maintaining these gains will protect the economy against future shocks.

The Paramount Chief of the Dormaa Traditional Area, Osagyefo Oseadeeyo Agyemang Badu II, praised the government for what he stated was a well-managed economy. Most importantly, the positive changes in the foreign exchange regime where the Ghana cedi has strengthened from between 16 and 17 cedis to 10.70 cedis against the US dollar.

“I know you have been in office for just over a year now, but you have done well, especially with the forex situation, and Ghanaians appreciate that,” Osagyefo Badu II, who is also the President of the Bono Regional House of Chiefs, noted.

Story by Samuella Mantebea Okanta