Our challenge is stabilizing the economy – Mahama

The biggest challenge facing Ghana’s new government is economic stabilization, Vice President John Mahama has said.

Ghana has projected reaching a middle income status by 2010, but the economy has been suffering inconsistent inflation rates and fall in commodity prices coupled with the rise in fuel and food prices have impacted on economic growth.

Speaking on a Citi Business bulletin monitored by ghanabusinessnews.com, he said the new goveernment’s biggest challenge is stabilizing the economy.

“The main challenge of government this year is stabilizing the economic and financial situation,” adding that, “we have a programme in terms of our campaign promises, and we intend to deliver on our promises alongside the stabilization processes.”

He also said the government will not discriminate when it comes to offering opportunities to all Ghanaians.

Mr. Mahama said the private sector will be given all the opportunity to carry the mandates and targets it has set for itself.
By Emmanuel K. Dogbevi