Accra, Ghana – President of the Republic of Ghana, H.E. John Dramani Mahama, has stated that Ghana is experiencing an economic crisis that is widely recognized by everyone.
He made this declaration during a meeting with UK Deputy Prime Minister Angela Rayner, who paid a courtesy call on him as part of her two-day visit to Ghana on Friday, February 21.
President Mahama emphasized the strong bilateral cooperation between Ghana and the United Kingdom and expressed his government’s intention to align existing partnerships with its vision for national development.
“We have a lot of bilateral cooperation that we want to look at and see how we can align some of those things to fit the vision of the new government,” he said.
He further noted that representatives from both countries would engage in discussions to assess existing areas of cooperation and explore ways to accelerate progress.
“And so we’ll be sitting with your representatives here to see what areas of cooperation we’re already having, how we can push them faster, and then see how we can align some of those to fit the vision that we have,” he added.
Addressing Ghana’s economic challenges, President Mahama acknowledged that the country is currently undergoing an economic crisis that is well known to all. He stated that Ghana is under an International Monetary Fund (IMF) program, which requires the government to exercise strict fiscal discipline.
“We’re going through an economic crisis that is known by everybody. We’re in an IMF program, and one of the things it enjoins us to do is to be very prudent in terms of our fiscal discipline and to make sure that we’re able to come out of the crisis and bring the country back onto the path of growth and create prosperity for our people,” he stated.
The President highlighted job creation as a key priority for his administration, particularly given Ghana’s youthful and rapidly growing population. He noted that the government would collaborate with the UK to attract more investors.
“We have a young, growing population, and so one of the major issues that came up strongly in the election was the issue of jobs. And so working together to see how we can bring in more investments, especially considering that we’re shut out of the international credit markets, to bring in more foreign direct investment to be able to create jobs for young people is one of the things that we’re going to be focusing on,” he said.
President Mahama expressed confidence in the long-standing history of British companies investing in Ghana and stressed the importance of showcasing the country’s opportunities to attract more UK investors.
“And I believe that, I mean, with the history of British companies investing in Ghana, we’ve got a long tradition. And so how we can showcase the opportunities that are still available in Ghana and bring more British companies in to come and partner with us in that objective is something that we’ll look to do,” he added.
On her part, UK Deputy Prime Minister Angela Rayner assured President Mahama of her country’s support, emphasizing that both nations share a commitment to economic growth and development.
She reaffirmed the UK government’s readiness to assist Ghana, highlighting the long-standing relationship between the two countries and expressing her desire for its continuation.
Story by: Emmanuel Romeo Tetteh(#RomeoWrites
) / Ahotoronline.com | Ghana 
