Close Menu

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    What's Hot

    Benjamin Asare’s rise draws praise from former Hearts midfielder Joe Tagoe

    Fella Makafui Reacts to Rumours of Medikal’s Alleged Second Marriage to Eazzy

    Akua Kwateng releases ‘Kronkron’ featuring Pastor Cynthia

    Facebook X (Twitter) Instagram
    • Lifestyle
    • Africa News
    • International
    Facebook X (Twitter) Instagram YouTube WhatsApp
    PapaLincPapaLinc
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports
    Subscribe
    PapaLincPapaLinc
    You are at:Home»News»President Mahama’s 120-day in office is remarkable
    News

    President Mahama’s 120-day in office is remarkable

    Papa LincBy Papa LincMay 8, 2025No Comments4 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    President Mahama’s 120-day in office is remarkable
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    Professor John Gatsi, Dean of the School of Business at the University of Cape Coast Professor John Gatsi, Dean of the School of Business at the University of Cape Coast

    The performance of President John Dramani Mahama in the delivery of his ‘social contract’ with the people of Ghana in the first 120 days in office is “remarkable,” says Professor John Gatsi.

    President Mahama took office on the back of the implementation of a US$3 billion loan-supported programme with the International Monetary Fund (IMF), aimed at restoring macroeconomic stability and debt sustainability.

    Within the 120-days, the United States Agency for International Development (USAID) withdrew its support to Ghana, creating US$156m funding gap, while the US Government also imposed 10 per cent tariff on the country.

    However, the Professor of Finance, in an exclusive interview with the Ghana News Agency, said the Government had demonstrated commitment towards restoring and resetting the economy to ensure stability and progress.

    “From day one, the agenda is being rolled out progressively and steadily, in a manner that touches every facet of the economy, good governance, young people, economic entrepreneurship and business development, reforms of institutions, and reform of the Constitution,” he noted.

    Professor Gatsi lauded the Government for its moderate approach to expenditure and focus on value for money, a gesture he said would help create the needed stable macroeconomic environment to propel business development.

    He noted that the Ghana Medical Trust Fund (Mahama Cares), launched last Tuesday, for example, would help address critical health needs of citizens, citing the President’s experience in governance as a contribution to his current “excellent” performance.

    Professor Gatsi, the Dean of the University of Cape Coast (UCC) Business School, urged the Government to remain steadfast in maintaining the momentum in rolling out initiatives and ensuring their full implementation.

    “The successful rollout of initiatives should be maintained across multiple sectors of the Ghanaian society,” he said, calling for sustained-stable economic environment going forward.

    “This will provide multiple benefits: a resilient and better economy, lower inflation, a steady and stable generating environment, and then lower interest rates that will govern business development in the country,” he stated.

    He said the actions of the Government in the 120-days had provided the stage for a more comprehensive economic agenda in the days ahead.

    Professor Gatsi was confident that when the “standard” was kept, the outcomes would benefit citizens through export progress, skills development for young people, and improved governance through transparency and accountability.

    Already, the Ghana Union of Traders’ Associations (GUTA), has commended the Government for stabilising the cedi against its major trading currencies [Dollar, Pounds and Euro] since January 2025.

    Meanwhile, the Bank of Ghana (BoG) has indicated that as of May 6, 2025, US$1 was bought at GH¢13.64 and sold for GH¢13.65; £1 was bought at GH¢18.11 and sold for GH¢18.13, while €1 was bought at GH¢15.42 and sold for GH¢15.44.

    As of January 6, 2025, US$1 was bought at GH¢14.74 and sold for GH¢14.75; £1 was bought at GH¢18.26 and sold for GH¢18.28, while €1 was bought at GH¢15.15 and sold for GH¢15.17.

    The stability over the past five months, GUTA said, had brought some level of respite and confidence to the economy, enabling the business community to recoup some of the lost capital in the past few years due to depreciation and exchange rate pressures.

    “These prudent measures, if sustained, would lead to full economic recovery and make businesses competitive, increase productivity, as well as alleviate the high cost of living in the country,” it said in a statement copied to GNA on Tuesday.

    President Mahama, who served as Ghana’s President from 2012 to 2017, returned to office on January 7, 2025, providing an 11-page document, with 26 itemised promises to fulfil as a social contract in his first 120 days.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleTrump reveals first big trade deal is with the UK
    Next Article ‘I wish to style President Mahama at Ghana Fashion Week’
    Papa Linc

    Related Posts

    Court grants substituted service order in Koku Anyidoho vs. Captain Smart, Media General suit

    May 8, 2025

    “He poured his @nger on an innocent goat” – Lady hilariously shares what her sibling did to a goat (VIDEO)

    May 8, 2025

    British couple stuck in Thailand with mounting £100,000 hospital bill after soldier slipped at tourist hotspot they had found on TikTok and shattered his skull and leg – and he’s not the first victim

    May 8, 2025
    Ads
    Top Posts

    A Plus questions the hypocrisy of NPP members who remained silent about corruption for 8 years, only to speak out after losing power.

    December 26, 202443 Views

    Here’s why Ghana Airways collapsed in 2004

    November 5, 202439 Views

    Urgent search continues for Paul Barning after he was attacked by shark during fishing competition

    February 23, 202537 Views

    Kenyan Senator breaks silence on her alleged intimate affairs, secret child with John Agyekum Kufuor

    December 21, 202432 Views
    Don't Miss
    Sports May 8, 2025

    Benjamin Asare’s rise draws praise from former Hearts midfielder Joe Tagoe

    play videoBenjamin Asare is the goalkeeper of Hearts of Oak Former Hearts of Oak midfielder…

    Fella Makafui Reacts to Rumours of Medikal’s Alleged Second Marriage to Eazzy

    Akua Kwateng releases ‘Kronkron’ featuring Pastor Cynthia

    Court grants substituted service order in Koku Anyidoho vs. Captain Smart, Media General suit

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • WhatsApp

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    Ads
    About Us
    About Us

    Your authentic source for news and entertainment.
    We're accepting new partnerships right now.

    Email Us: info@papalinc.com
    For Ads on our website and social handles.
    Email Us: ads@papalinc.com
    Contact: +1-718-924-6727

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    Benjamin Asare’s rise draws praise from former Hearts midfielder Joe Tagoe

    Fella Makafui Reacts to Rumours of Medikal’s Alleged Second Marriage to Eazzy

    Akua Kwateng releases ‘Kronkron’ featuring Pastor Cynthia

    Most Popular

    Aside from Dodowa, title one hospital began and accomplished below Mahama

    October 17, 20240 Views

    April 3, 2023 – Russia-Ukraine information

    October 17, 20240 Views

    Ghana’s crude oil manufacturing dips

    October 17, 20240 Views
    © 2025 PapaLinc. Designed by LiveTechOn LLC.
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.