Accra: President John Dramani Mahama has affirmed the resilience of Ghana's economy, crediting its stability to effective management under his leadership. He highlighted that the economy, once susceptible to global economic fluctuations, has been stabilized despite international challenges.
According to Ghana News Agency, President Mahama addressed an engagement that included religious and traditional leaders, department heads, and members of the public, providing a platform to discuss regional concerns. He emphasized that unlike in the past, when Ghana's economy was fragile, it now stands robustly on "concrete pillars," capable of withstanding external shocks such as the Iran-Israel-US war.
While acknowledging the economy's stability, President Mahama noted that external factors have slowed the government's anticipated progress. He announced a government initiative to invest GHS2.5 billion annually into key economic sectors, aiming to create jobs and opportunities for young people. The sectors include pharmaceuticals, agriculture, agro-processing, tourism, and power generation. These investments will be channeled through the private sector rather than government-owned enterprises.
President Mahama urged entrepreneurs and private sector players to seize these opportunities to expand their businesses and generate employment for the youth. On constitutional reforms, he mentioned the establishment of a Constitutional Review Implementation Committee to implement recommendations from the Constitutional Review Committee, which may involve a referendum alongside district-level elections.
Addressing educational policies, President Mahama refuted claims of introducing Arabic and Chinese as compulsory subjects in the school curriculum, stating no such policy has been approved by the Cabinet. Regarding the National Cathedral project, he expressed no objection to the construction but raised concerns about its proposed location and the use of public funds, citing its proximity to key public facilities as unsuitable.