Policy analyst and founding president of Ghana-based think tank Franklin Cudjoe has praised the administration of President John Dramani Mahama, describing the current economic turnaround as one of the fastest recoveries in Ghana’s recent history.
According to Mr. Cudjoe, the government’s efforts at stabilising the economy, controlling inflation and restoring investor confidence are beginning to yield visible results despite the difficult economic conditions inherited over the past few years.
Speaking during a public discussion on Ghana’s economic outlook, the IMANI Africa boss noted that many key economic indicators have shown signs of improvement within a relatively short period. He pointed to the strengthening of the Ghana cedi, easing inflationary pressures, renewed confidence among businesses and improved fiscal discipline as evidence of the recovery.
He stated that although challenges remain, the pace at which the economy is rebounding deserves recognition rather than excessive political criticism.
Franklin Cudjoe explained that Ghana’s economy had suffered severe shocks in recent years due to debt challenges, high inflation, currency depreciation and global economic pressures. However, he believes recent policy interventions and reforms introduced under the Mahama administration are helping to restore stability.
He further urged political actors and stakeholders to support measures that promote long-term economic growth instead of focusing solely on partisan debates.
The policy analyst also stressed the need for government to sustain prudent financial management, improve productivity and continue creating opportunities for the private sector to thrive.
His comments have since generated reactions across political and economic circles, with supporters of the government welcoming the remarks as an endorsement of the administration’s handling of the economy, while critics argue that ordinary Ghanaians are yet to fully feel the impact of the recovery in their daily lives.
Despite differing opinions, the remarks add to the ongoing national conversation about Ghana’s economic direction and the effectiveness of current recovery measures.
