By Benjamin Nii Nai Anyetei
The President of the Accountability Forum, Kwame Owusu-Danso Esq, says the President’s State of the Nation Address (SONA) largely met his expectations, particularly on macroeconomic management and governance.
Speaking on Current Agenda on Ghana Broadcasting Corporation (GBC), Mr. Owusu-Danso described the atmosphere in Parliament during the address as “beautiful,” noting that many Members of Parliament wore made-in-Ghana attire in a symbolic show of national identity.
He said ahead of the address, he expected the President to focus on jobs, governance and accountability, energy, and social protection. According to him, about 90 percent of those expectations were met.
Mr. Owusu-Danso argued that Ghana’s recent macroeconomic improvements should be credited to what he described as prudent fiscal and monetary management. He pointed to fiscal consolidation efforts, improved coordination between the Ministry of Finance and the Bank of Ghana, and tighter expenditure controls.
Official fiscal data supports some of these claims. Ghana recorded a primary surplus of approximately 2.6 percent of GDP in 2024, marking a turnaround from earlier primary deficits during the peak of the economic crisis. Inflation, which peaked above 50 percent in 2022, declined significantly through 2023 and 2024, while the cedi stabilised compared to the sharp depreciation recorded during the crisis period.
He said fiscal consolidation measures, including expenditure restraint and domestic revenue mobilisation contributed to restoring macroeconomic stability.
However, he acknowledged that about 10 percent of his expectations were not fully addressed, particularly in what he described as one of the most critical aspects of governance.
Mr. Owusu-Danso maintained that economic performance must ultimately be judged by measurable indicators such as debt management, inflation control, monetary stability and revenue generation.
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Source:
www.gbcghanaonline.com