Newly Elected John Mahama wants to Spend to Kickstart Growth but a $3bn IMF Deal Makes it Tricky
While he has yet to further clarify his campaign promises, the president-elect, who led the country from 2012-17, said in his victory speech that his victory provided Ghana with “a new beginning, a new direction”. Suffering from high inflation and declining living standards. He previously promised to establish a “National Economic Recovery Task Force” within his first month in office, which will include representatives from various industries and will be tasked with coming up with practical ideas to boost growth and living standards while turning Ghana into a ” 24-hour economic center”. economy.” He also promised to revive the “Youth Jobs” program to promote employment among young people and stop the controversial value-added tax on essential goods such as food and petrol to ease cost of living pressures.
