“Ghana is Safe. The President has been fully briefed on the state of the economy and is satisfied with policy proposals to address the challenges. He has also been appraised on work done so far to roll out the 24-hour economy policy”, Minister for Government Communications Felix Kwakye Ofosu has stated.
Addressing the presidential press corps after the cabinet’s first meeting on Thursday, Mr Kwakye Ofosu said President John Mahama would appraise Ghanaians on the true state of the economy, which is worse than anticipated, when he presents the State of the Nation Address to Parliament next week.
According to the Minister, the cabinet was briefed on plans to “fully roll out President Mahama’s foremost policy towards transforming Ghana: the 24-hour economy.”
Minister for Finance, Dr Ato Forson, also told the cabinet that the economic situation is dire “and the numbers are even worse than we had known before the elections”, Mr Kwakye Ofosu emphasised.
He announced that more details on the economy and policies to reset will be discussed at the National Economic Dialogue slated for the 3rd and 4th of March 2025.
Various experts and stakeholders drawn from academia, civil society organisations, public servants, and other interested parties will discuss the economy and make recommendations that will be factored into the 2025 budget statement, which will be presented to Parliament on March 11th.
