President John Dramani Mahama has said, the government will ensure that recommendations reached in the Senchi Economic Report are adhered to as a means to addressing the current economic challenges facing the country.

The committee submitted its report to President Mahama early this week and outlined various strategies geared towards transforming the economy and improving the socio economic wellbeing of the citizenry.

Speaking at a meeting with the outgoing Head of the European Union (EU) delegation in Ghana Claude Maerten, Friday at the Flagstaff House in Accra, President Mahama assured that he has already put in place an implementation advisory group in motion to follow through with monitoring and the implementation of the report.

President Mahama hinted that he is the chair of the strategic advisory committee which is working on policy alternatives that is needed in the short term to overcome the challenges facing the country.

He stressed that government is undertaking reforms in the various sectors of the economy especially in public financial management to ensure transparency and efficient payroll system.

On EU, President Mahama said the relations between Ghana and the European Union has existed for several decades based on what he described as shared values. He said Ghana appreciates the relationship, especially the trade opportunities opened to Ghana.

President Mahama added that a significant amount of investment in Ghana are from European Agencies and hope that the economic relations will be enhanced for accelerated growth.

On ECOWAS, President Mahama espoused the collaboration between the two authorities stressing the need for continues partnership in peace and security particularly in Africa.

He also commended the EU for their military support especially in Mali, South Sudan and other parts of the African Continent.

‘We continue to work as a sub region to ensure that peace, safety and  security is guaranteed in West Africa because that is pre condition for progress and development," he stressed.

President Mahama touched on efforts being made by ECOWAS to bringing lasting peace in Mali as well as support for the Nigerian government in its bid to tackle the Boko Haram crisis in that country.

On his part, the Head of the European Union (EU) delegation in Ghana Claude Maerten commended Ghana for her democratic laurels citing rule of law and good governance as the hallmark.

He stated that Ghana has extremely good economic prospects adding that "today, Ghana has some economic challenges but tomorrow those economic challenges will be overcome because you will put in place strong economic management and also you will have new oil reserve coming on-stream in two years time."