John Mahama to suggest solutions to economic challenges Thursday

John Mahama to suggest solutions to economic challenges Thursday

Former President, John Dramani Mahama will on Thursday, October 27, 2022, address the nation on the current economic challenges facing the country.

The presentation, slated for 7pm at the UPSA Auditorium, Madina is titled “BUILDING THE GHANA WE WANT”.

In an earlier tweet yesterday, an aide to the former president, Joyce Bawa Mogtari also suggested that Mr Mahama’s presentation will suggest some solutions to the economic challenges.

“John Mahama speaks on Ghana’s collapsed economy and the unprecedented hardships sweeping across the land and the way forward on Thursday 27th October at 7pm,” she tweeted.

Economic challenges

Figures from the Ghana Statistical Service indicate that Ghana’s inflation soared to a record 37.2% in September from 33.9% in August, with food as a major driver.

Additionally, the country’s currency has assumed a free fall against the dollar with a dollar selling at around 14 cedis, a situation that has sparked public hue and cry, especially among traders.

Ghana is hoping to receive as much as $3 billion under an International Monetary Fund (IMF) extended credit facility program to bolster its finances and regain access to global capital markets.