Local news

The economy is in crisis, the state of our nation isn’t good – Prez Mahama insists

President John Dramani Mahama has expressed deep concern over the state of the nation, stating that Ghana’s economy is in crisis and citizens are experiencing severe hardships.

Delivering his first State of the Nation Address (SONA) in his second term on Thursday, 27th February, in Parliament, he insisted that urgent measures were needed to address the economic downturn.

“The state of our nation is not good. Our economy is in crisis and our people are suffering,” President Mahama stated.

He attributed the current difficulties to various economic challenges, including rising inflation, high levels of debt, and a struggling private sector.

According to him, these factors have led to increased unemployment and a decline in the standard of living for many Ghanaians.

President Mahama assured Parliament and the nation that his government would take decisive steps to stabilise the economy.

He emphasised the need for strategic policies to boost local industries, improve revenue generation, and manage public debt effectively.

“We cannot ignore the struggles of our people. My administration is committed to implementing bold reforms that will restore economic stability and bring relief to households and businesses,” he assured.

Share
MasemTV Newsroom

Recent Posts

Chairman Wontumi Promised Me GH¢20,000 Salary and a Toyota Land Cruiser V8, But I Only Received GH¢4,000 for Fuel – Akonta Mining GM Reveals

The former General Manager of Akonta Mining Limited, Mr. Edward Akuoko, has made startling revelations… Read More

6 days ago

OSP seizes over GH¢100m and US$100k worth of assets of former NPA Boss Mustapha Hamid in corruption trial

The Office of the Special Prosecutor (OSP) has seized and frozen assets valued at more… Read More

6 days ago

Hon. Zuwera Mohammed lbrahimah Commends Minority Chief Whip’s Insightful Statement

The Member of Parliament for Salaga South, Hon. Zuwera Mohammed lbrahimah, has commended the Minority… Read More

6 days ago

Wontumi failed to acquire full documentation for Tano Nimiri Forest – Former Akonta Mining manager

The former General Manager of Akonta Mining Company Limited, Edward Akwasi Akuoko, has admitted that… Read More

6 days ago

Withdraw ill-informed petition against Abena Osei-Asare – Osei Nyarko to A Plus

The Member of Parliament for Akim Swedru, Kennedy Osei Nyarko, has advised his colleague, Kwame… Read More

6 days ago

UTAG condemns NAIMOS attack, blames political interference for galamsey crisis

The University Teachers Association of Ghana (UTAG) has strongly condemned the attack on the National… Read More

6 days ago