The Member of Parliament for Tamale South, Haruna Iddrisu, has stated that the President-elect, John Dramani Mahama, will address the depreciation of the cedi through well-thought-out policies rather than reactive measures.
Speaking during an interview on TV3’s Ghana Decides, Haruna Iddrisu emphasized that the incoming administration’s approach will focus on strategic economic interventions to stabilize the local currency against the dollar.
“President-elect John Dramani Mahama will seek to arrest the depreciation of the cedi with policy rather than knee-jerk reactions or responses,” Haruna Iddrisu explained.
“How we process gold, our foreign reserves, and how we manage gold exports will all play a critical role. Additionally, under his leadership, the Export Council he chairs will introduce measures to improve our export strategies.”
He further noted that the Mahama-led administration will aim to raise at least $2 billion by stimulating strategic investments into key sectors of the economy.
Haruna Iddrisu expressed confidence that these measures will not only stabilize the cedi but also contribute to long-term economic growth and development.
