Skip to main content

Mahama Tasks 12-Member Team with Transforming Ghana’s Economy

 


President John Dramani Mahama has inaugurated a 12-member Presidential Advisory Group on the Economy to provide strategic guidance and policy direction for the management and transformation of Ghana’s economy.

The high-level body has been tasked with reviewing current economic conditions and proposing measures to stabilise the macroeconomic environment, restore investor confidence and drive inclusive growth.

Vice President Prof. Jane Naana Opoku-Agyemang is among members of the advisory group, which brings together leading figures from academia, finance and industry. Other members include respected economist and private sector leader Kwame Pianim; renowned industrialist Sir Samuel Esson Jonah; Ishmael Yamson, a private sector leader and former member of the Presidential Advisory Group on the Economy (PAGE); and Nana Oye Mansa Yeboaa, former Deputy Minister of Finance and Trade and Industry, and former PAGE member.

The committee also comprises Dr. Kwabena Duffuor, former Governor of the Bank of Ghana and former Minister for Finance; Ato Brown, former World Bank Infrastructure Specialist and agribusiness investor; Dr. Henry A. Kofi Wampah, former Governor of the Bank of Ghana; Togbe Afede XIV, economist and private sector leader; Abena Amoah, Chief Executive Officer of the Ghana Stock Exchange; Prof. Priscilla Twumasi Baffour, university professor and academic researcher; and Prof. Patience Aseweh Abor, university professor and academic researcher.

At the inauguration ceremony, President Mahama stressed the need for coordinated economic planning and evidence-based policymaking to confront the country’s current challenges.

He cautioned members against underestimating the task ahead, noting that while some progress may have been made, significant hurdles remain.

I do not want this committee to misunderstand my optimism in the advice you will offer as an endorsement of an easy task ahead. You are qualified to know that we face a tough road ahead, regardless of the progress we may have chalked today,” he said.

The President expressed confidence in the expertise of the group and urged members to propose practical, forward-looking solutions to support the government’s broader agenda of strengthening local enterprise, enhancing productivity and ensuring sustainable development.

The advisory group is expected to work closely with relevant ministries, departments and agencies to ensure its recommendations align with national development priorities.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...