Chairman of Parliament’s Finance Committee and Member of Parliament for Bolgatanga Central, Isaac Adongo, says the government’s immediate priority in 2025 was to stabilise key economic indicators, even if that came with temporary pressure on businesses.
According to him, the country has now attained a level of macroeconomic stability, paving the way for renewed focus on production, business growth, and local industrial expansion.
Speaking on The Point of View on Wednesday, May 6, on Channel One TV, Mr Adongo explained that earlier policy measures were designed to correct what he described as misbehaving macroeconomic variables, particularly inflation.
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“Feedback is good, and I perfectly agree with producers that the central bank should be in a position to support them in growing their businesses,” he stated.
Mr Adongo indicated that although the government did not introduce any programme solely targeting exchange or interest rates, broader economic interventions ended up restoring stability across major indicators.
“We needed to deal with the pain that the Ghanaian people were going through. We thought that a lot of those variables were misbehaving and we needed to get them to behave,” he explained.
He noted that inflation had become particularly difficult to control during the period, making corrective interventions necessary to restore confidence and economic balance.
According to the Finance Committee Chairman, those interventions have now produced positive results, creating room for policy adjustments aimed at supporting businesses and stimulating production.
“Now we have achieved stability. We can now go back to the drawing board and say that Ghanaians have got relief. How do we ensure that monetary policy can anchor production and improve local production?” he said.
Mr Adongo stressed that the government’s next policy direction will increasingly focus on supporting the productive sector and responding to concerns raised by businesses and manufacturers.
“That feedback will be taken into our work, and I am sure in 2026 a lot of those moderating influences will be brought to bear,” he added.