
Audio By Carbonatix
A Communication Team member of the National Democratic Congress (NDC), Abdulai Sakra Alhassan, has commended the government for what he describes as strong fiscal discipline, arguing that prudent economic management has played a key role in stabilising the economy over the past year.
Speaking on JoyNews' AM Show on January 2, 2025, Mr. Alhassan said the government’s commitment to fiscal discipline has resulted in a significant reduction in inflation, which he says has now dropped to single-digit levels.
He explained that throughout last year, the government exercised restraint in public spending, avoiding what he described as unnecessary payments and expenditures that had previously placed pressure on the economy.
Mr. Alhassan attributed much of the progress to effective leadership, particularly praising the Finance Minister, Dr. Cassiel Ato Forson, for his role in managing the country’s finances.
He noted that strong leadership remains central to economic recovery, adding that President John Mahama’s pledge to free Ghana from economic hardship is gradually being fulfilled through deliberate and disciplined policy decisions.
Highlighting reforms within the revenue mobilisation system, Mr. Alhassan pointed to changes introduced at the country’s ports as a clear example of the government’s commitment to accountability.
He revealed that investigations uncovered that more than US$80 million had previously been transferred out of the country without proper documentation.
According to him, the new measures now require importers and businesses to present valid invoices and appropriate documentation before any transfers or import-related transactions are approved.
He explained that although the relevant laws had long existed, they were often overlooked or poorly enforced, allowing significant sums of money to leave the country without adequate checks.
Mr. Alhassan argued that stricter enforcement under the current administration has helped to plug revenue leakages and restore confidence in the system.
He stressed that achieving such reforms requires discipline and integrity, noting that the gains being recorded did not happen by chance but were the result of deliberate leadership decisions and adherence to the rule of law.
Latest Stories
-
Supreme Court dismisses consolidated cases challenging Torkornoo’s removal
2 minutes -
Logeist Ecoreclaim Initiative Taskforce warns illegal miners against re-entering reclaimed sites
4 minutes -
Every roof must catch rainwater to help fight flooding — GHIE
10 minutes -
Accra Floods: GhIE’s flood prevention plan (video)
11 minutes -
Works on Odaw River drainage project terminated over contractor failure – Minister
18 minutes -
Savings and Loans industry records GH¢515.32m profit in 2025, NPLs decrease to 11.8%
20 minutes -
NADMO begins assessment in flood-hit communities, appeals for public support
22 minutes -
Indiscriminate waste disposal worsening floods and disease risk – health expert warns
34 minutes -
GRA extends tax filing deadline to July 6 over flood disruptions
36 minutes -
Abu Jinapor calls for innovative climate finance to unlock Africa’s Nature-Based Solutions potential
56 minutes -
GhIPSS pays GH¢14.58m dividend to BoG for 2025
60 minutes -
When the waters recede, the trauma remains
1 hour -
Asamoah, Ameyaw-Akumfi ordered to open defence in $2m Sky Train case
1 hour -
Return to nature’s way of managing water to tackle flooding — GHIE
1 hour -
Asantehene hosts Yagbonwura at Manhyia Palace
1 hour