Ghana’s economy, which was inherited in a dire state, is beginning to show signs of improvement under President John Dramani Mahama, according to Professor Sharif Mahmud Khalid, an Economic Advisor at the Office of the Vice President.
Speaking on TV3’s Key Points program while analyzing the President’s State of the Nation Address, he stated, “This government inherited a very overheated economy, with all signs of the economy going negative.”
However, he emphasized that there has been a shift in economic sentiment.
“The market is responding positively due to the signals that the president sent,” he said, expressing confidence in the administration’s early interventions to stabilize the economy.
Professor Khalid’s remarks come in the wake of widespread concerns over Ghana’s economic health, following years of financial struggles under the previous government.
The country’s debt burden, inflation rates, and currency depreciation were among the major challenges that defined the past administration’s economic trajectory.
