President John Dramani Mahama is optimistic that the programs and policies he has put in place in managing the Ghanaian economy are yielding results.
According to Mr. Mahama, the Ghanaian economy has experienced tremendous growth over the last couple of years as a result of the reforms his administration is embarking on.
“Our economy has been sufficiently transformed during these last few years of necessary and often painful reforms, so that it won’t fall prey anymore to low prices of commodities on the international market,” he said in a post on his facebook wall on Thursday.
His conviction stems from a World Bank forecast that the Ghanaian economy will experience a GDP growth of more than 5%: 5.9% in 2016, and 7.8% in 2017.
Below is the full post by the President:
We are on the right path!
The World Bank forecasts a GDP growth of more than 5% for Ghana; 5.9% in 2016, and 7.8% in 2017. The World Bank thus confirms the soundness of my government’s economic policies.
Our economy has been sufficiently transformed, during these last few years of necessary and often painful reforms, so that it won’t fall prey anymore to low prices of commodities on the international market. Prices of commodities are still low, but our economy is getting back on track, as the World Bank’s forecast confirms.
Our economy is changing!
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(Nana Kwesi)