President Mahama has made Public pronouncements on the state of the economy, stating that Ghana’s economic turnaround has happened faster than anticipated, expressing astonishment at how quickly key indicators have improved.
Some government Officials have described the ongoing economic renaissance as “unprecedented transformation”, indicating that ordinary Ghanaians are beginning to experience tangible improvements.
Highlighted are a few core achievements in framing the narrative of economic recovery, such as stabilisation of key macroeconomic indicators, including inflation and foreign exchange pressures, single-digit inflation and a stronger currency.
Noted also is how the economy is rebounding from debt distress, with official commentary pointing to a shift from past economic crises toward stability and renewed investor confidence.
However, it’s important to note that views on the recovery are mixed, with most economists and analysts aknowledging the fiscal discipline and improved macro indicators, saying the current government deserves credit for stabilising the economy.
Others and independent commentators argue that stability doesn’t yet mean prosperity for ordinary citizens, noting that many households still face high living costs despite improved headline figures.
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