Prez assures Ghana is on track for economic recovery


President John Dramani Mahama says he is impressed with government’s economic programs and policies aimed at rescuing Ghana’s ailing economy.

The president made the remarks addressing the 69th General Assembly of the United Nations in New York.

The country’s macroeconomic indicators have been rocky over the past year.

This has compelled government to take a couple of measures including opting for an IMF bailout program.

Addressing the august gathering, President Mahama indicated that though the measures remain work in progress, the economy is seeing positive signs of recovery.

“Already, the home grown measures of fiscal stabilization that we have taken are yielding results. Only this month, Ghana surprised even its most ardent critics when it launched its third Eurobond for an amount of 1billion dollars,” he touted.

He added, “this confidence is apparent in the recent rebound of our local currency the cedi. Over the last two weeks, the cedi has appreciated significantly against its major trading currencies.”

President Mahama also expressed confidence that the collaboration with the IMF adds a major boost to Ghana’s stride at graduating from a low middle income status into a fully fledged middle income country.

On Ebola, the President who also dabbles as chairman of ECOWAS, called for global effort in the fight against the deadly Ebola virus disease.

President Mahama emphasized that Ebola was a world problem and not isolated to West African countries alone.

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