Mahama has done quite well in first year; economy on right path – Prof Bokpin

Professor of Finance and Economics at the University of Ghana, Prof. Godfred Bokpin, says President John Dramani Mahama has performed creditably in his first year in office, with key economic indicators pointing in a positive direction.

Speaking in an interview on Joy FM’s Midday News on Wednesday, January 7, while assessing President Mahama’s one year in office, Prof. Bokpin noted that the economy—one of the most critical issues during the 2024 general elections—has shown encouraging signs under the current administration.

According to him, a review of the economy across its various components suggests that the President’s handling of economic affairs within the first 12 months has been commendable.

“Overall, the President has done quite well. Many of the indicators confirm that the economy is heading in the right direction. We cannot take that away from him,” he said.

Prof. Bokpin highlighted improved economic and fiscal discipline as key gains, pointing to expenditure cuts and stricter commitment controls introduced by the Ministry of Finance.

He also praised the institutionalisation of commitment authorisation processes, describing them as critical to ensuring the prudent and judicious use of public resources.

Additionally, he noted strong policy coordination between fiscal and monetary authorities, which he said has helped stabilise the economy.

According to Prof. Bokpin, favourable external conditions—particularly improvements in global commodity prices—have further supported the country’s economic recovery.

“We’ve seen strong policy coordination between fiscal and monetary policy, supported by external factors such as improved commodity price outturns. From that perspective, I think the President has largely set the box right,” he added.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.