Mahama’s macroeconomic stability boosting business confidence – Michael Kottoh

Michael Kottoh, Managing Partner of Konfidants, sees improved business confidence. This change comes under President John Dramani Mahama's administration. It follows years of economic challenges.

Mr. Kottoh spoke on Channel One TV on May 7, 2025. He reviewed the first 120 days of Mahama’s presidency. He highlighted issues like the domestic debt exchange and banking sector problems.

These challenges hurt business sentiment starting in 2022. However, recent macroeconomic stability has sparked optimism among businesses.

He stated that business confidence is crucial for industry growth. Without it, companies will hesitate to invest or expand. They also won't create jobs or pay taxes.

Kottoh noted that while rates are still high, they are decreasing. This trend has helped restore some confidence in the industry. He emphasized that stable economic management is vital for private sector growth.

In other news, four individuals received GHC52 million bail related to a cocaine bust at KIA Swissport.

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