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.
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