A Mineral and Natural Resources Economist, Dr. Theo Acheampong, has offered a measured perspective on economic recovery, emphasising that while progress is being made, turning the economy around will not happen overnight.

According to him, the structural issues and challenges that need to be addressed in the energy sector, along with what he described as the "mess" at the Electricity Company of Ghana (ECG), and the declining production in the cocoa sector, cannot be resolved overnight.

Speaking on Joy News’ AM Show on Tuesday, January 14, Dr. Acheampong stated, “I think at the minimum, you need probably about a year and a half before you begin to see those lagged effects.”

He also mentioned the importance of the government sending the right signals to both citizens and the investor community.

Dr. Acheampong opined that inflation will not reduce in the short term.

“Bringing down inflation, I don’t think it is going to get to 10% anytime soon; it’s probably a year-and-a-half down the line. All those things become extremely important,” he said.

He also added that the economy must create opportunities for Ghanaians, particularly in terms of jobs.

“Ultimately, this economy has to deliver for Ghanaians in terms of jobs,” he said.