Professor Sharif Mahmud Khalid, Economic Advisor, indicates signs of economic recovery in Ghana under President John Mahama. He acknowledges the previous dire economic situation while highlighting a positive shift in market sentiment due to presidential initiatives aimed at stabilization. Despite lingering economic concerns, optimism about the administration’s approach is evident.
Ghana’s economy, which was left in a precarious situation, is showing encouraging signs of recovery under President John Dramani Mahama, as reported by Professor Sharif Mahmud Khalid, an Economic Advisor at the Office of the Vice President. During his appearance on TV3’s Key Points program, he analyzed the President’s recent State of the Nation Address and remarked that the current administration inherited an economy characterized by significant distress and negative indicators.
Professor Khalid noted a positive shift in economic sentiment, emphasizing that the market is reacting favorably due to the proactive measures and signals communicated by the President. He expressed a hopeful outlook regarding the government’s early interventions, which he believes are crucial for stabilizing the economy.
These comments arise amidst widespread apprehension regarding Ghana’s economic condition, particularly following years of financial turmoil experienced under the previous government, which left a substantial debt burden, elevated inflation rates, and currency depreciation as major issues affecting the nation’s economic landscape.
In summary, the economic assessment provided by Professor Khalid reflects an optimistic outlook for Ghana under President Mahama’s leadership. The administration’s measures appear to be fostering a positive market response, signifying a possible economic turnaround following a period of instability. Continuous monitoring of these developments will be essential as the nation seeks to recover fully from the previous economic challenges.
Original Source: www.ghanaweb.com
