Ghana’s president John Mahama is optimistic his administration has taken all the necessary measures to position the economy well ahead of the 2016 elections.
Mahama said the economy is now robust to withstand any global shock in the fall of commodity prices.
Speaking to France 24 in France, Mahama said Ghanaians will feel the benefits of some of the measures the government took to strengthen the economy from next year.
“In the past any collapse of commodity prices would have shaken the economy fundamentals,” Mahama stated. “But it looks like the economy is holding out even in the face of adversity.”
He believes the International Monetary Fund’s (IMF) bailout will inject a lot of tonic into the economy to gain its grounds.
He added: “The current extended credit facility that we’re carrying out in partnership with the IMF is changing the microeconomic environment and bringing down the fiscal deficit and we are going to see inflation declining and interest rate coming down.”
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