John Mahama did not promise to stabilise the struggling Ghana Cedi in 100 days

Ghana In response to some news publications quoting the National Democratic Congress (NDC) flag bearer John Dramani Mahama as promising to stabilise the Ghana Cedi in 100 days, the Mahama 2024 Campaign wishes to clarify as follows:

Mr Mahama, with a deep understanding of the economic challenges confronting the country today, did not promise to stabilise the Ghana Cedi within 100 days. Instead, he laid out a comprehensive plan in his remarks at the 8th Ghana CEO Summit to address the challenges, demonstrating his grasp of the situation.

To quote him, Mahama stated, “Our number one priority will be stabilising the economy and restoring a stable currency. We will launch an urgent economic recovery and fiscal consolidation plan following a national economic dialogue to be held within one hundred days of assumption of office”.

He also emphasised the need for fiscal discipline and responsible economic management to achieve currency stability. He highlighted measures such as pruning government expenditures, preventing waste and corruption, and boosting revenues by expanding the tax net.

Additionally, he mentioned simplifying the VAT and streamlining its collection, abolishing the e-levy, and reducing some burdensome taxes on businesses and households.

The Mahama 2024 Campaign reiterates its unwavering commitment to transparent and responsible communication with the Ghanaian people. We urge the media to accurately represent the candidate’s statements in their reporting, ensuring the public is well-informed.

Joyce Bawah Mogtari Special Aide & Spokesperson
Wednesday, May 29, 2024