President John Dramani Mahama has assured businesses and investors that the current economic stability in Ghana will be sustained through prudent fiscal management and continued policy discipline.
Speaking at the 10th Ghana CEO Summit in Accra on Thursday, May 28, President Mahama said the government remains committed to strengthening investor confidence and maintaining macroeconomic stability through a new engagement framework with the International Monetary Fund (IMF).
According to the President, the Policy Coordination Instrument (PCI), which will run for 36 months after the completion of Ghana’s current Extended Credit Facility (ECF) programme, is designed to preserve policy credibility and support sustainable economic growth.
Also read: FULL TEXT: Finance Minister Updates Parliament on Ghana’s Early Exit from IMF Programme
“This decision was taken to maintain policy credibility and fiscal discipline over the next 36 months, thereby supporting economic stability and sustainable developments,” President Mahama stated.
He stressed that the recent gains being recorded in the economy are not temporary, assuring the business community that government policies are focused on ensuring long-term growth and stability.
“Captains of industry and businesses can therefore rest assured that the current stability we are enjoying is not a fluke, it will be sustained into the future,” he added.
The President’s remarks come amid improving economic indicators, including declining inflation, lower interest rates, and renewed investor confidence following government fiscal reforms and Ghana’s ongoing IMF-supported programme.