President Mahama's 120-day in office is remarkable - Professor Gatsi

The show of President John Dramani Mahama successful the transportation of his ‘social contract’ with the radical of Ghana successful the archetypal 120 days successful bureau is “remarkable,” says Professor John Gatsi.

President Mahama took bureau connected the backmost of the implementation of a US$3 cardinal loan-supported programme with the International Monetary Fund (IMF), aimed astatine restoring macroeconomic stableness and indebtedness sustainability.

Within the 120-days, the United States Agency for International Development (USAID) withdrew its enactment to Ghana, creating US$156m backing gap, portion the US Government besides imposed 10 per cent tariff connected the country.

However, the Professor of Finance, successful an exclusive interrogation with the Ghana News Agency, said the Government had demonstrated committedness towards restoring and resetting the system to guarantee stableness and progress.

“From time one, the docket is being rolled retired progressively and steadily, successful a mode that touches each facet of the economy, bully governance, young people, economical entrepreneurship and concern development, reforms of institutions, and betterment of the Constitution,” helium noted.

Professor Gatsi lauded the Government for its mean attack to expenditure and absorption connected worth for money, a motion helium said would assistance make the needed unchangeable macroeconomic situation to propel concern development.

He noted that the Ghana Medical Trust Fund (Mahama Cares), launched past Tuesday, for example, would assistance code captious wellness needs of citizens, citing the President’s acquisition successful governance arsenic a publication to his existent “excellent” performance.

Professor Gatsi, the Dean of the University of Cape Coast (UCC) Business School, urged the Government to stay steadfast successful maintaining the momentum successful rolling retired initiatives and ensuring their afloat implementation.

“The palmy rollout of initiatives should beryllium maintained crossed aggregate sectors of the Ghanaian society,” helium said, calling for sustained-stable economical situation going forward.

“This volition supply aggregate benefits: a resilient and amended economy, little inflation, a dependable and unchangeable generating environment, and past little involvement rates that volition govern concern improvement successful the country,” helium stated.

He said the actions of the Government successful the 120-days had provided the signifier for a much broad economical docket successful the days ahead.

Professor Gatsi was assured that erstwhile the “standard” was kept, the outcomes would payment citizens done export progress, skills improvement for young people, and improved governance done transparency and accountability.

Already, the Ghana Union of Traders’ Associations (GUTA), has commended the Government for stabilising the cedi against its large trading currencies [Dollar, Pounds and Euro] since January 2025.

Meanwhile, the Bank of Ghana (BoG) has indicated that arsenic of May 6, 2025, US$1 was bought astatine GH¢13.64 and sold for GH¢13.65; £1 was bought astatine GH¢18.11 and sold for GH¢18.13, portion €1 was bought astatine GH¢15.42 and sold for GH¢15.44.

As of January 6, 2025, US$1 was bought astatine GH¢14.74 and sold for GH¢14.75; £1 was bought astatine GH¢18.26 and sold for GH¢18.28, portion €1 was bought astatine GH¢15.15 and sold for GH¢15.17.

The stableness implicit the past 5 months, GUTA said, had brought immoderate level of respite and assurance to the economy, enabling the concern assemblage to recoup immoderate of the mislaid superior successful the past fewer years owed to depreciation and speech complaint pressures.

“These prudent measures, if sustained, would pb to afloat economical betterment and marque businesses competitive, summation productivity, arsenic good arsenic alleviate the precocious outgo of surviving successful the country,” it said successful a connection copied to GNA connected Tuesday.

President Mahama, who served arsenic Ghana’s President from 2012 to 2017, returned to bureau connected January 7, 2025, providing an 11-page document, with 26 itemised promises to fulfil arsenic a societal declaration successful his archetypal 120 days.