President highlights impact of stabilization measures and outlines youth-focused recovery plan during Ashanti Region “Thank You” tour.
President John Dramani Mahama has pledged a renewed economic future for the Ashanti Region, promising targeted support for businesses and young professionals affected by Ghana’s recent economic downturn.
Addressing party supporters and stakeholders in Kumasi as part of his “Thank You” tour of the Ashanti Region, President Mahama acknowledged the region’s significant contribution to Ghana’s economic strength, while also highlighting the toll the recent financial crisis has taken.
“The people of Ashanti are known to be astute in business. But any time the economy declines, this region suffers the most,” he said. “The recent downturn — especially the banking sector clean-out and the domestic debt exchange programme — had a devastating effect on many businesses here.”
He revealed that his administration, since taking office in January, has pursued an aggressive economic stabilization programme aimed at restoring macroeconomic stability and rebuilding public trust.
“We implemented strict cost-cutting measures and enforced fiscal discipline across all sectors of government,” he stated. “As a result, inflation has fallen sharply, and the cedi has appreciated against major foreign currencies.”
President Mahama said these gains are already having a positive impact, restoring business confidence and creating a more predictable environment for growth and investment.
He noted that one of the key goals of his economic revival agenda is to create opportunities for the region’s youth, who have been hardest hit by rising unemployment and business closures.
“Our focus is clear,” he declared. “To build a resilient economy that supports our businesses and provides a sustainable future for our young people.”
He assured the people of Ashanti that their concerns have not gone unnoticed and emphasized that the region would be at the forefront of the government’s broader national recovery plan.
The President’s remarks were met with optimism by many residents and business leaders in the region, who see the signs of economic stabilization as a step in the right direction.
As the country continues its recovery, President Mahama’s message offered a glimmer of hope — and a promise of partnership — to a region long known for its entrepreneurial spirit but deeply affected by recent financial headwinds.
