John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has clarified misconceptions regarding his alleged promise to stabilize the struggling Ghana Cedi within 100 days. His campaign team emphasized that Mahama never made such a promise and instead outlined a comprehensive economic recovery plan during his speech at the 8th Ghana CEO Summit.
Addressing recent media reports, Mahama’s spokesperson, Joyce Bawah Mogtari, underscored Mahama’s deep understanding of Ghana’s economic challenges. “John Mahama did not promise to stabilize the Ghana Cedi in 100 days,” Mogtari stated, correcting misleading reports. She explained that Mahama detailed a strategic plan targeting the root causes of the currency’s instability.
During his speech, Mahama emphasized that the NDC’s top priority would be stabilizing the economy and restoring a stable currency. He proposed launching an urgent economic recovery and fiscal consolidation plan within the first 100 days of assuming office, following a national economic dialogue.
Mahama highlighted the necessity for fiscal discipline and responsible economic management. Key measures included pruning government expenditures, preventing waste and corruption, and expanding the tax net to boost revenues. He stressed that these steps are essential for achieving long-term currency stability.
Additionally, Mahama proposed simplifying the Value Added Tax (VAT) system and streamlining its collection. He also planned to abolish the controversial e-levy and reduce burdensome taxes on businesses and households. These measures, he argued, would not only stabilize the currency but also stimulate economic growth.
The Mahama 2024 Campaign reiterated its commitment to transparent and responsible communication with the Ghanaian people, urging the media to accurately report the candidate’s statements. They emphasized the importance of the public receiving clear and truthful information about Mahama’s comprehensive plans for Ghana’s economic recovery.
The campaign’s spokesperson called on the media to ensure correct reporting, reflecting Mahama’s true intentions and detailed strategies for addressing Ghana’s economic challenges.