
Audio By Carbonatix
Felix Ofosu Kwakye, spokesperson for the incoming government's transitional team, has stated that President-Elect John Dramani Mahama is fully committed to reviving Ghana's economy.
He emphasized the need to stabilize the economy, strengthen the national currency, and reduce inflation in order to ease the financial strain on Ghanaians.
At today's second sitting of the joint transition team, Mr Kwakye said discussions would continue, including the formation of a committee to address concerns raised by the Mahama transition team over last-minute payments and recruitment.
During the first sitting, the Mahama transition team raised alarm over a planned payment of 240 million Ghana cedis to an entity that had previously done business with the Electricity Company of Ghana (ECG).
“We expect to continue from where we left off last Wednesday. We mentioned concerns regarding last-minute appointments, mass recruitment, and certain payments that could have serious implications for our fiscal position,” Mr Kwakye explained.
“We were assured last Wednesday that proper deliberations would take place today, so we expect a clear picture and access to critical information concerning these recruitment and payment issues,” he added.
Furthermore, Mr Kwakye, the Member of Parliament-elect for Abura Asebu-Kwamankese constituency in the Central Region, confirmed that the joint transition team was informed that a committee would be established to address these issues thoroughly, ensuring all facts are brought to light.
“It is only fair that after elections, the incoming president and their team are allowed to fully understand the country's situation, all major decisions on recruitment and payments should be deferred until the new administration has a chance to review them when we take office, we will know the true state of affairs,” he said.
Meanwhile, President-Elect Mahama has outlined his priorities as he prepares to take office.
Speaking during a courtesy call from the Chinese Ambassador to Ghana, Tong Defa, Mr Mahama stressed the importance of stabilizing the economy, strengthening the Ghanaian cedi, and reducing inflation to alleviate the financial burden on citizens.
President-Elect Mahama acknowledged the country's cooperation with China, particularly with Sinohydro on various infrastructure projects.
However, he noted that Ghana’s recent debt defaults had negatively impacted the country's credit rating. He expressed his intention to focus on restoring economic growth, stabilizing the currency, and addressing inflation.
“Once the transition is completed, Ghana will engage with China on technical cooperation and explore how we can continue to benefit from initiatives like the FOCAC disbursement and the Belt and Road Initiative,” the President-Elect said.
Latest Stories
-
Gov’t to expand medical education to improve doctor-to-patient ratio – Education Minister
5 minutes -
Africa Energy Technology Centre presents Africa’s energy future strategy to Mahama
9 minutes -
WAFCON 2026: Black Queens name provisional squad for tournament
14 minutes -
GTA to launch “Blue Ghana Initiative” beach clean-up campaign after Accra floods
25 minutes -
UBIDS graduates 70 Law students as Bagbin pledges major health and education interventions
55 minutes -
A Lifetime of excellence: Dr Williams Kwasi Peprah attains the rank of full Professor at Andrews University
56 minutes -
Gift to the North: Karaga MP builds 6,000-capacity Mosque in Tamale
59 minutes -
Marketers and creators explore ‘media of influence’ in reshaping marketing performance
1 hour -
Residents of Amasaman Obeyeyie protest over worsening road conditions
2 hours -
Nyanyofio urges British Columbia College to produce responsible citizens, not only high achievers
2 hours -
Why are coaches sacked but technical leadership spared? – Uncle Ebo Whyte on Black Stars exit
2 hours -
‘Catastrophic expenditure’: Why government must enroll cleft care on NHIS
2 hours -
Nigeria condemns killing of two nationals in South Africa, demands Justice
2 hours -
Photos: Mahama attends Assemblies of God Men’s Ministry Conference
3 hours -
SHS heads advocate publication of disciplinary data to curb indiscipline in schools
3 hours