President John Dramani Mahama has touted what he described as growing signs of economic stability in Ghana, citing declining inflation, a stable currency, and stronger foreign reserves as indicators of resilience against external shocks.
Speaking during the “Resetting Ghana” citizen engagement held in Damango, the President said the improving economic conditions were helping to restore confidence in the country’s financial outlook.
According to him, government has also taken steps to accelerate development at the local level by directing 80 percent of the District Assemblies Common Fund straight to local assemblies.
President Mahama explained that the policy has significantly improved the timely release of funds to districts, allowing assemblies to independently execute critical projects in their communities.
He noted that several districts are already using the funds for infrastructure projects including the construction of schools, Community-based Health Planning and Services (CHPS) compounds, and 24-hour markets aimed at boosting local economic activity.
The President further stressed the importance of balanced national development, particularly in northern Ghana, and announced a number of planned investments for the Savannah Region.
These include the establishment of a science and technology university, the construction of a 300-bed regional hospital, improvements in water supply systems, expansion of road networks, and increased electricity access across communities.
The engagement formed part of the government’s broader “Resetting Ghana” tour, which seeks to update citizens on government policies and development initiatives while gathering feedback from communities across the country.
CREDIT: Mavis Fantevi
