Walewale MP and Member of Parliament’s Finance Committee, Dr. Mahama Tiah Abdul-Kabiru, had admitted that Ghana’s economy has shown clear signs of recovery, particularly in 2025, following early improvements recorded in 2024.
Speaking on JoyNews’ Newsfile on Saturday, January 3, Dr. Abdul-Kabiru noted that although economic challenges persisted, indicators of recovery were evident even before the start of 2025.
“The economy, well, 2025 has seen some recovery. Even before 2025, there were signs of recovery,” he said.
He recalled that the 2024 Budget and the close of the 2024 fiscal year reflected modest economic improvements, including increased growth and relative macroeconomic stability, even though the cedi ended the year at about GH₵14 to the dollar.
Dr. Abdul-Kabiru, however, argued that the situation had improved further in 2025 under the current leadership, citing stronger stability indicators.
“You must admit that in 2025, the President and the leadership of the government have brought in much more stability than we saw in 2024,” he said.
He pointed to single-digit inflation as a major achievement during the year under review, describing it as a positive development for the economy.
“In the area of inflation, we’ve had single-digit inflation, and that is something good. That is something we must acknowledge,” he added.
The Walewale MP also highlighted relative stability in the exchange rate, stressing that while the sustainability and cost of such stability must be debated, the gains cannot be ignored.
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