Professor Sharif Mahmud Khalid, an Economic Advisor, stated that Ghana’s economy is beginning to improve under President Mahama. He noted a positive market response due to optimistic signals from the administration. His remarks follow years of economic challenges, including high debt, inflation, and currency issues from the previous government.
Ghana’s economy is exhibiting signs of improvement under the leadership of President John Dramani Mahama, according to Professor Sharif Mahmud Khalid, Economic Advisor at the Office of the Vice President. During an appearance on TV3’s Key Points program, he analyzed the President’s State of the Nation Address and remarked on the previously overheated economy inherited by the current administration, which showed negative indicators.
Professor Khalid noted a significant shift in economic perceptions, stating that the market’s response has been favorable due to positive signals emitted by the President. He expressed confidence in the administration’s swift interventions aimed at stabilizing the economy.
His comments arise amidst ongoing concerns regarding Ghana’s economic condition, which has faced several difficulties in recent years. Previous issues such as a massive debt burden, high inflation rates, and currency depreciation characterized the economic challenges faced under the prior government.
In summary, Professor Sharif Mahmud Khalid’s insights highlight a positive turnaround in Ghana’s economy under President Mahama’s administration. The government’s initiatives appear to be fostering an improved market sentiment, reflecting a change from the past difficulties that plagued the country’s economic landscape. The ongoing monitoring of these developments will be crucial for sustaining this momentum toward financial stability.
Original Source: www.ghanaweb.com
