“If we do come into office in 2025, the fiscal space is going to be very narrow” – Mahama

Former president John Dramani Mahama has made comments on the nation’s present economic situation.

According to him, the budgetary flexibility of the nation would be severely constrained for any new administration that is elected in 2024.

“I know that if we do come into office in 2025, the fiscal space is going to be very narrow because of the economic crisis in which we are. And so, I do think that the next phase we should look at is a change in our governance system,” he said in an interview over the weekend.

He continued by outlining a number of processes that can help the economy for the new government.

“A review of our constitution, a strong fight against corruption, those are the kinds of things young people are looking for, but at the same time raising investments and putting them in areas where young people can get opportunity to develop their full potential.

“And so, I think that would be the agenda for the next NDC administration. It might be me, it might be one of our members,” Mahama emphasized.

Mahama also discussed the significance of infrastructure, as demonstrated by the previous NDC administration.

When asked what he would implement when he was back in government, he said “I keep getting asked this question a lot of time, we did a lot in our time and at the time our focus was in infrastructure,”

He continued by saying that the NDC developed roads, interchanges, airport terminals, neighborhoods, schools, hospitals, clinics, etc. due of the deteriorated infrastructure.

Even while the opposition attributes the slump to poor economic management, Ghana is presently asking the Fund for a $3 billion credit facility to supplement its economic mix, which was made worse by the two catastrophes.

Source: Ghanatodayonline.com