A member of the National Democratic Congress (NDC) Communication Team, Abdulai Sakra Alhassan, has praised the government for what he describes as firm fiscal discipline, saying prudent economic management has contributed significantly to stabilising Ghana’s economy over the past year.
Speaking on JoyNews’ AM Show on Thursday, 2 January 2025, Mr Alhassan said the government’s commitment to controlling public spending has helped drive inflation down to single-digit levels, easing pressure on households and businesses.
He explained that throughout the year, the government exercised restraint in expenditure, avoiding what he termed unnecessary payments and excesses that had previously strained the economy.
According to him, the improved outlook reflects deliberate policy choices and effective leadership, particularly at the Ministry of Finance. Mr Alhassan commended the Finance Minister, Dr Cassiel Ato Forson, for what he described as disciplined stewardship of the public purse.
He added that President John Dramani Mahama’s pledge to steer the country out of economic difficulty is gradually being realised through careful and consistent fiscal decisions.
Mr Alhassan also highlighted reforms in revenue mobilisation, citing changes at Ghana’s ports as a clear demonstration of the government’s focus on accountability and transparency. He said investigations had revealed that more than 80 million dollars had previously been transferred out of the country without proper documentation.
Under the new measures, he explained, importers and businesses are now required to present valid invoices and appropriate paperwork before foreign transfers or import-related transactions are approved.
Although the relevant laws had long existed, Mr Alhassan noted that weak enforcement in the past allowed large sums of money to leave the country without adequate oversight. He argued that stricter application of the rules under the current administration has helped to curb revenue leakages and rebuild confidence in the system.
He stressed that the progress being recorded was the result of deliberate leadership choices rather than chance, adding that discipline, integrity and adherence to the rule of law remain central to sustaining economic recovery.