President John Dramani Mahama has reassured that his government will stabilize the economy by cutting out waste and reducing corruption.

Speaking at the Africa Business Forum on Monday, February 17 2025, in Addis Ababa, Ethiopia, the president highlighted his plans and efforts to address the economic challenge Ghana is facing.

President Mahama pointed out the need to examine the real problem Ghana is facing and break down ideas and information to draw a better solution to the challenge.

“In a crisis, the first thing that you do is to focus on stabilizing, and that is what we are focused on—bringing interest rates and inflation down, stabilizing the currency, and dealing with debt overhang. That is where our focus is for now,” he stated

The president stressed that it is important to understand the aspects that led to the crisis and put measures to solve the problem.

“At the same time, we must analyse the factors that brought Ghana to this point and implement steps to ensure we do not end up in this situation again. That will entail strengthening the Fiscal Responsibility Act and the Public Financial Management Act.

“We need to cut out waste and reduce corruption. These are some of the critical issues that must be addressed,” he concluded.

MKA/EK