A finance expert, Dr. Christian Takyi Gyan, says Ghana is beginning to witness positive economic trends, crediting recent policy direction and reforms introduced under President John Dramani Mahama .
Speaking on Kessben TV’s Digest in anticipation of what could be covered in tomorrow’s State Of the Nation’s Address ( SONA) by the president, His Excellency John Dramani Mahama, Dr. Gyan said, there are clear signs of improvement in key macroeconomic indicators, particularly inflation and currency stability.
“We are seeing positive trends now as promised,” he noted, adding that the public deserves a detailed breakdown of the factors driving the recent reduction in inflation.
He pointed to the relative stability of the Ghana cedi as one of the encouraging developments, although he acknowledged that some critics hold contrary views. “The stability of the cedi is good, though the minority thinks otherwise,” he stated.
Dr. Gyan further observed that the easing cost of living pressures and improving economic indicators are gradually restoring confidence. He cited reductions in the prices of major imports such as rice and oil as part of the positive shift.
He explained that production factors have seen some increases, but emphasized that pricing decisions by businesses are influenced by multiple considerations. “Every businessman is a rational person who considers all factors before determining the prices of their products,” he said.
While acknowledging the appreciation of the cedi against the dollar, the finance expert cautioned against unrealistic expectations. “We should not always expect a reduction in prices immediately when the dollar declines,” he stressed.
Dr. Gyan, however, warned of what he described as a mismatch within the system, noting that such inconsistencies could undermine gains if not addressed.
His comments add to the ongoing national conversation about Ghana’s economic recovery trajectory and the sustainability of recent improvements in macroeconomic performance.
