The incoming Mahama administration has pledged to address the long-standing issue of cedi depreciation through well-thought-out policies and strategic economic interventions.
According to Haruna Iddrisu, Member of Parliament for Tamale South, the President-elect John Dramani Mahama will prioritize a comprehensive approach to stabilize the local currency against the dollar.
Speaking on TV3’s Ghana Decides, Haruna Iddrisu emphasized that the new administration will focus on policy-driven solutions rather than reactive measures. “President-elect John Dramani Mahama will seek to arrest the depreciation of the cedi with policy rather than knee-jerk reactions or responses,” he explained.
The MP outlined key areas of focus for the incoming administration, including the processing of gold, management of foreign reserves, and gold exports. Additionally, the Export Council, chaired by President-elect Mahama, will introduce measures to improve export strategies and stimulate economic growth.
Haruna Iddrisu also revealed that the Mahama administration aims to raise at least $2 billion by attracting strategic investments into key sectors of the economy.
He expressed confidence that these measures will not only stabilize the cedi but also contribute to long-term economic growth and development.
The cedi’s depreciation has been a major concern for the Ghanaian economy, with the currency experiencing significant fluctuations in recent years.
The incoming administration’s commitment to addressing this issue through comprehensive policies is a welcome development for many Ghanaians.
Source: OccupyGh.com
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