120-Day Social Contract: Joe Jackson outlines private sector’s 3 key expectations from incoming gov’t

Joe Jackson, CEO of Dalex Finance, outlined three key priorities for Ghana’s private sector under President-elect John Mahama’s incoming administration.

During NorvanReports’ X Space Discussion on December 22, he aligned these with Mahama’s 120-day social contract to address economic challenges.

First, he urged a reduction in high interest rates, which hinder affordable credit access and contribute to non-performing loans. Lowering Treasury bills and Central Bank lending rates is vital to easing this burden.

Second, he stressed stabilizing the cedi through export sector reforms in cocoa, gold, and oil to retain foreign exchange and reduce volatility.

Lastly, he highlighted the need to address food-driven inflation, which disproportionately affects overall inflation, urging decisive measures for relief.

Jackson argued that these reforms are critical for private sector growth and economic recovery.