The National Democratic Congress (NDC) flagbearer John Mahama’s special assistant and spokesperson, Ms. Joyce Bawah Mogtari, has denied media reports implying that the outgoing president promised to stabilize the Ghanaian cedi within a year of taking office.
Ms. Mogtari made it clear that Mahama did not make such a pledge and instead provided a thorough plan to address economic difficulties, demonstrating his comprehension of the problems.
In a statement issued on Wednesday, May 29, Mogtari quoted Mahama saying, “Our number one priority will be stabilising the economy and restoring a stable currency. We will launch an urgent economic recovery and fiscal consolidation plan following a national economic dialogue to be held within one hundred days of assumption of office.”
She highlighted that Mahama stressed the importance of fiscal discipline and responsible economic management to achieve currency stability. The measures outlined include reducing government spending, curbing waste and corruption, and increasing revenues by broadening the tax base.
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