Effective leadership behind cedi recovery – Mahama

By Solomon Nartey Tetteh

President John Dramani Mahama has reaffirmed his administration’s commitment to restoring Ghanaians’ confidence in democracy and revitalizing the nation’s struggling economy.

In recent years, Ghana faced multiple economic challenges, including a depreciating currency, rising inflation, high debt levels, and an increased cost of living. These issues were compounded by concerns about weak governance, lack of transparency, and growing public distrust in leadership.

Recent gains in the strength of the Ghana cedi against major foreign currencies have been interpreted by many as a sign of growing economic confidence under the new administration. However, questions remain about the sustainability of these improvements and what specific policies are driving them.

Speaking at the Ghana Bishops’ Conference, President Mahama said the public’s support for his leadership reflects their belief in his ability to “reset” the nation and lead it in a new direction.

“It’s my responsibility to build the confidence of our people in our democracy again,” he said.

President Mahama noted that his government has prioritized stabilizing the economy, reducing the cost of living, and increasing accountability in public office.

He stated that his administration has introduced measures aimed at cutting expenditure, fighting corruption, and instituting codes of conduct for political leaders.

According to the President, these efforts are already yielding results, particularly in the recent appreciation of the Ghana cedi, which has helped ease economic pressures on citizens.

“What we are seeing in our economy is not about one policy but effective leadership. With effective leadership, we can turn this economy around and create a better life for our people,” President Mahama stated.

President Mahama emphasized his long-term vision, pledging that by the end of his four-year term, his government would have set a benchmark in leadership that future administrations cannot afford to reverse. “We will continue to listen to the nuggets of wisdom that you give us, because it makes us better, it makes us stronger,” he reiterated.