Addressing high cost of living should be Mahama’s topmost priority – Kwakye

The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, has said that the topmost priority for the incoming Mahama administration should be addressing the high cost of living in Ghana.

He notes that a lot of Ghanaians are disenchanted due to the increasing cost of living.

“The top priority of the new government should be to address the high cost of living to dampen the deep disenchantment among Ghanaians,” he said in a post on X page.

The top priority of the new government should be to address the high cost of living to dampen the deep disenchantment among Ghanaians.

— J. K. Kwakye (@JohnKwabenaKwa1) December 22, 2024

He added “The way to bring down the unbearable high cost of living is to address urgently the key causes–food, energy and the exchange rate. BoG’s concentration on managing demand is counterproductive.”

The way to bring down the unbearable high cost of living is to address urgently the key causes–food, energy and the exchange rate. BoG’s concentration on managing demand is counterproductive.

— J. K. Kwakye (@JohnKwabenaKwa1) December 22, 2024

The President-elect John Mahama, acknowledged the severe economic challenges confronting Ghana and the considerable effort required to restore stability and prosperity.

Speaking during a thanksgiving service held at the Assemblies of God Church in Accra on Sunday, Mr Mahama underscored the gravity of the nation’s economic crisis, committing himself to lead efforts to address the situation.

He noted the demanding nature of the task ahead but assured Ghanaians of his determination to confront these challenges decisively.

“Our country remains in a dire economic crisis, and it will require significant work to turn things around. Restoring economic prosperity will not be easy, but I pray that the God who has entrusted me with this responsibility will grant me the strength and wisdom to meet it head-on,” Mahama said.

The President-elect also highlighted the importance of discernment in leadership, expressing his desire for divine guidance in assembling a team capable of serving the nation effectively.

“I pray for wisdom and discernment to select the right individuals to work in the best interest of the people of Ghana,” he stated.

 

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