General News of Tuesday, 20 May 2025
Source: www.ghanawebbers.com
The government aims to achieve single-digit inflation by mid-2026.
President Mahama announced this at the Ghana-EU Business Forum. The event took place at the Kempinski Hotel in Accra.
He mentioned that exchange rate stability will support this goal. Tighter monetary policy measures will also play a role.
Ghana’s Gross International Reserves increased significantly. They rose from $8.9 billion in December 2024 to $10.6 billion by April 2025. This amount covers five months of imports.
President Mahama noted positive economic indicators early in the year. These reflect a disciplined and inclusive economic recovery.
He emphasized his administration's commitment to transparent governance. He assured potential partners of a reformed, business-friendly environment.
The President stressed the importance of enforcing contract sanctity. He also highlighted measures to protect investor rights.