The local economy experienced a sharp decline in 2020 due to the impact of the global pandemic — coronavirus — and the subsequent Russia-Ukraine war.

Although the government has implemented some measures to stabilise the economy, such as seeking financial assistance from the International Monetary Fund (IMF), the economy remains unstable.

The high cost of living and soaring prices of goods and services have become major concerns for everyone and ahead of the upcoming general election, political parties have incorporated economic revival into their policies.

Former President John Agyekum Kufuor addressed the nation on this issue on Sunday, November 17, 2024, stating that the economy could undergo significant transformation if Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), is elected to lead the nation.

He praised Dr. Bawumia's exceptional economic skills, citing his previous role at the Bank of Ghana during Dr. Paul Acquah's tenure as central bank governor.

“I have observed his remarkable abilities in economic enhancement during my tenure, as he was integral to the Bank of Ghana’s team under Governor Dr. Paul Acquah, contributing to the revival of the currency,” he said while speaking to journalists.

“Given the current global circumstances, I firmly believe that Ghana’s economy will experience significant improvement if Bawumia is elected as President. With divine guidance, he is capable of delivering on this promise, and I encourage you to support his candidacy,” Kufuor added.

SA/MA

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