The flag bearer of the National Democratic Congress, NDC, John Dramani Mahama has promised to restore the country’s economy and build investor confidence if elected as President in 2024.
Mr Mahama made the promise when delivering an acceptance speech in Tamale on Monday, May 15, 2023, after being declared winner of the flag bear race on Saturday, May 13, 2023.
As part of this move, the former President says his government will rejuvenate collapsed banks and carry out reforms with the Central banks to ensure Ghana does not suffer from the economic setbacks faced in recent times.
He called on the current government to review the 2023 Budget to reflect the realities of the country’s economy.
‘” We will enhance investor confidence in our country to attract credible domestic and foreign investors, especially in the manufacturing and light industries sector. This we will do by being transparent and not concealing economic indices such as the budget deficit, public debt, and Net International Reserves.
As we await the board of the International Monetary Fund’s approval for Ghana’s requested bail-out by the end of May or June this year, we expect that the finance minister will urgently present a mid-year review budget to Parliament, which will include any agreements they might have reached with the Fund and one that critically cuts government expenditure.
The 2023 budget and financial statement presented to Parliament last November is riding on stilts with no stability. This is why I insist Government must immediately upon approval of Ghana’s programme by the Fund, review the 2023 budget to reflect the realities of the economic situation today.,” He mentioned.
