Wednesday, 18 March

Mahama pledges full transparency, says accurate economic data key to fair resource distribution

News
President JD Mahama

President John Dramani Mahama has reiterated his administration’s commitment to transparency, assuring Ghanaians that the government will present an accurate picture of the nation’s economy.

Speaking at a dialogue with Organised Labour at the Presidency, President Mahama said the engagement is part of his campaign promise to consult key stakeholders regularly, promoting public trust and accountability in governance.

He revealed that a similar discussion has already been held with the private sector, which he described as the “engine of growth,” to better understand the challenges businesses face in investing and expanding. Engagements with civil society organisations, including religious and traditional leaders, will follow.

Highlighting the importance of Organised Labour, the president said continuous dialogue is crucial to building consensus on national development.

He assured stakeholders that the government is committed to openness, noting that Ghana has moved away from a period when conflicting economic data created uncertainty.

According to him, current statistics now reflect the true state of the economy.

President Mahama likened the economy to a “national cake,” explaining that understanding its actual size ensures fairness in resource distribution.

He emphasised that managing expectations and promoting equity depend on accurately knowing the economy’s scale, and that growing the economy is the only way to increase everyone’s share.

Over the past year, his administration has focused on tightening expenditure, eliminating waste, investing in infrastructure, and creating jobs to boost economic growth.

He called on all stakeholders to work together, warning that without collective effort, perceptions of unequal benefits would persist. The Minister of Finance is expected to provide detailed insights into the country’s financial position to enhance understanding among all parties.

Using a local analogy, the president said, “If the economy were kenkey, everyone needs to know its size to determine how many portions can be shared fairly.”

He stressed that no group will be left out in the distribution of national resources and urged all stakeholders to “tighten their belts together” as Ghana works toward economic recovery and inclusive growth.

Source: classfmonline.com/Pearl Ollennu