President-elect, John Dramani Mahama, has reaffirmed his commitment to focusing on macroeconomic stability and debt sustainability as key pillars of his administration.
In an interview with VOA’s Paul Ndiho on Saturday, December 14, Mahama underscored the vital role of the economy, noting that its health impacts every sector, including education, agriculture, and sports.
“The economy is going to be the number one focus because it affects everything else. If the economy is in a bad way, it affects education, agriculture, sports—every sector of the country. So we are going to have to prioritize stabilizing the economy,” he emphasized.
The President-elect identified two critical challenges facing the country: achieving macroeconomic stability and ensuring debt sustainability.
He explained that unlike previous engagements with the International Monetary Fund (IMF), which primarily targeted macroeconomic stability, the current economic situation requires a dual approach.
“In all the other times that we’ve gone to the IMF, it’s been solely for macroeconomic stability. But now, we are facing twin problems, so we will continue the IMF programme,” he explained.
Mahama also revealed that his team has initiated discussions with the IMF to align on the implementation of the current programme.
“We’ve requested discussions with the IMF because we were part of the negotiation of this programme, and we need to ensure alignment in its implementation. I want to make it clear: we are not abandoning the programme. However, within its framework, I believe there is room for adjustments to better suit our current needs,” he said.
Mahama further stated that if an agreement with the IMF is reached, his government will fully commit to the programme until its conclusion, ensuring both stability and progress for Ghana’s economy.
Source: Adomonline