President-elect John Dramani Mahama has outlined key strategies to stabilize Ghana’s economy, reduce waste, and attract foreign investment as he prepares to assume office.
Addressing the nation, Mahama emphasized that his top priority is economic stabilization through measures aimed at rationalizing taxes, curbing inefficiencies, and improving Ghana’s business climate.
“The priority is to stabilize the economy, reduce waste, and rationalize taxes because Ghana is gradually becoming an expensive place to do business,” he lamented.
Mahama underscored the importance of creating a transparent and investor-friendly environment to attract foreign investment. He believes this approach will drive economic growth and create much-needed employment opportunities, particularly for the youth.
“The government cannot employ everyone in a country of over 30 million people. Currently, the number of people on the government payroll is not even up to one million. This is why it’s critical to make the market attractive to the international business community,” Mahama explained.
He further noted that while the public sector has limited capacity to absorb the unemployed, the private sector remains key to solving the unemployment crisis.
“It’s obvious the public sector cannot employ everyone, but the private sector can. Therefore, we need to assist the private sector—not just through lip service but with real support,” Mahama stressed.
In addition to bolstering the private sector, Mahama highlighted the importance of agriculture and agri-business as key drivers of employment and economic growth.
“Growing the agriculture and agri-business sectors will create significant employment opportunities. My government will focus on channeling resources and attention to help develop these sectors,” he assured.
