President John Dramani Mahama has moved to reassure Ghana’s business community and international investors that the country’s improving economic conditions are not short-lived but part of a sustained recovery plan.
Addressing participants at the 10th Ghana CEO Summit held in Accra on Thursday, May 28, the President emphasized his administration’s commitment to maintaining fiscal discipline and reinforcing confidence in the national economy.
Central to this strategy, he revealed, is a new agreement with the International Monetary Fund (IMF) under a Policy Coordination Instrument (PCI). The programme is set to span 36 months and will take effect after the current Extended Credit Facility (ECF) arrangement concludes.
According to President Mahama, the PCI framework is designed to ensure policy consistency while promoting long-term economic growth and stability.
“This decision was taken in order to maintain policy credibility and fiscal discipline over the next 36 months, thereby supporting economic stability and sustainable development,” he stated.
The President further dismissed concerns that recent economic gains might be temporary, stressing that the government’s policies are firmly geared toward lasting impact.
He assured business leaders and industry stakeholders that the current economic stability is built on solid foundations and will continue into the foreseeable future.
“Captains of industry and businesses can therefore be rest assured that the current stability we are enjoying is not a fluke; it will be sustained into the future,” he added.
The remarks come at a time when Ghana is seeking to rebuild investor trust and strengthen its economic outlook following recent financial challenges.
