Connect with us

General News

Mahama Inaugurates Presidential Advisory Group on Economy, Calls for Fiscal Discipline and Structural Reforms

Published

on

President John Dramani Mahama has inaugurated the Presidential Advisory Group on the Economy (PAGE), charging members to provide independent, evidence-based advice to help restore Ghana’s economic stability and rebuild investor confidence.

Speaking at the inauguration ceremony, today ,President Mahama described the formation of PAGE as a critical step toward addressing Ghana’s economic challenges and strengthening governance structures.

“It is my distinct honour to preside over the inauguration of the members of the Presidential Advisory Group on the Economy and to convene its inaugural meeting this morning,” he stated.

The President commended members for accepting the responsibility, noting that their expertise would play a vital role in shaping Ghana’s economic recovery and long-term growth.

“Your willingness to contribute your time, experience and intellect to the national cause reflects a deep commitment to public service and to the future of our Republic,” he said.

President Mahama explained that PAGE would provide strategic counsel on macroeconomic management, fiscal consolidation, debt sustainability, and coordination between fiscal and monetary policies. He added that the group would also support structural transformation, industrial development, export-led growth, and private sector expansion.

“Your counsel is expected to be frank, independent, evidence-based and anchored in the long-term national interest,” he emphasised.

The President noted that PAGE, which previously existed under late President John Evans Atta Mills and during his earlier tenure, has been reintroduced and expanded to respond to the increasing complexity of Ghana’s economy. He added that the new structure would help streamline economic governance by eliminating overlapping institutions, including the former Economic Management Team.

President Mahama also highlighted the importance of collaboration between PAGE and the Economic Policy Coordinating Committee (EPCC), which is jointly chaired by the Minister for Finance and the Governor of the Bank of Ghana.

Reflecting on Ghana’s economic challenges, President Mahama acknowledged the country’s return to debt distress despite previous recovery efforts.

“Despite the progress we have made over the years, Ghana finds itself again in debt distress after having previously declared HIPC and assuring ourselves that we would never return to such a position,” he said.

He admitted that fiscal mismanagement and policy inconsistencies contributed to the current situation, stating that, “We dissipated significant buffers and stabilisers that would have shielded our citizens from the painful domestic debt haircuts they ultimately had to endure.”

The President further cited declining crude oil production and weak governance in state-owned enterprises as areas that require urgent attention.

“Our handling of state-owned enterprises has been uneven and, at times, haphazard. Weak governance frameworks, political interference and inadequate financial discipline undermined institutions that were once pillars of stability and credibility,” he noted.

He stressed that the lessons from Ghana’s economic setbacks must guide future policy decisions.

“Our task now is correction without amnesia — learning from both our successes and failures,” he said.

President Mahama charged PAGE to help restore fiscal discipline, attract investment, and reposition Ghana as a competitive and predictable economy.

“This is not simply about recovery; it is about institutional reform, structural transformation and a permanent reset of our economic governance culture,” he stated.

The advisory group is expected to meet at least once every quarter and will provide input into major national economic decisions, including the national budget, mid-year reviews, and monetary policy developments.

President Mahama concluded by expressing confidence in the group’s ability to deliver meaningful results.

“I expect rigorous analysis, constructive debate and solutions that place Ghana firmly on a path of economic recovery, resilience and inclusive growth,” he said.

The Presidential Advisory Group on the Economy shall be chaired by His Excellency the President and shall comprise the following distinguished individuals drawn from academia, public service, and the private sector:

1.H.E. Prof. Jane Naana Opoku-Agyemang

Vice President

2.Mr. Ishmael Yamson

Private Sector Leader; Former Member of PAGE

3.Mr. Kwame Pianim

Economist and Private Sector Leader; Former Member of PAGE

4.Ms. Nana Oye Mansa Yeboaa

Former Deputy Governor of Bank of Ghana

5.Dr. Kwabena Duffuor

Economist; Former Governor of the Bank of Ghana; Former Minister for Finance; Private Sector Leader and Industrialist

6.Sir Samuel Esson Jonah

Business Executive and Private Sector Leader

7.Mr. Ato Brown

Former World Bank Infrastructure Specialist; Agribusiness Investor

8.Dr. Henry A. Kofi Wampah

Former Governor of the Bank of Ghana

9.Togbe Afede XIV

Economist and Private Sector Leader

10.Ms. Abena Amoah

Chief Executive Officer, Ghana Stock Exchange

11.Prof. Priscilla Twumasi Baffour

University Professor and Academic Researcher

12.Prof. Patience Aseweh Abor, PhD

University Professor and Researcher

 

 

General News

Western Regional Council of State Member, Dr. Maxwell Boakye, Installed as Nkabomhene (Unity King) of the Ahanta Traditional Council

Published

on

The Western Regional Council of State Member, Dr. Maxwell Boakye, has been installed as Nkabomhene (King of Unity) by the Ahanta Traditional Council during a colourful traditional ceremony held at Busua in the Western Region.

The ceremony, which took place at the Ahanta Traditional Council Hall, brought together divisional chiefs, queen mothers, elders, and members of the community in a strong show of unity and cultural pride.

 

In a rare collective gesture, the honour was conferred jointly by the Queen Mother and chiefs of the Council, symbolising their shared commitment to peace, unity, and development within the traditional area. As part of the ceremony, Dr. Maxwell Boakye was draped in kente cloth, a revered symbol of dignity, honour, and acceptance into the Ahanta community.

 

Addressing the gathering, the chiefs revealed that they had closely monitored Dr. Boakye’s activities across various traditional areas in the region and acknowledged his contributions towards promoting peace and unity in communities that had experienced divisions and conflicts.

According to the traditional leaders, his previous engagements with some traditional councils had helped restore calm and strengthen cooperation among stakeholders.

 

“Your presence has brought instant unity among members who were previously divided,” the chiefs stated during the ceremony. They further noted that discussions surrounding the visit had already renewed a collective commitment towards a common development agenda for the Ahanta Traditional Area.

In his remarks, Dr. Maxwell Boakye expressed gratitude to the Ahanta Traditional Council for the honour bestowed on him and pledged his continuous support and engagement with traditional authorities across the region.

 

He stressed the need for stronger collaboration between traditional leadership and governance institutions at the decentralised level to drive peace, unity, and sustainable development in communities.

The installation is expected to further strengthen the relationship between traditional authorities and governance structures in the Western Region while promoting social cohesion within the Ahanta Traditional Area.

 

Continue Reading

General News

Mahama Directs Local Government Ministry to Involve Chiefs in Monitoring Projects

Published

on

President John Dramani Mahama has directed the Ministry of Local Government to establish a framework that will enable traditional rulers and district assemblies to jointly monitor government development projects across the country.

According to the President, the initiative is aimed at strengthening transparency, accountability and effective delivery of critical infrastructure projects in various communities.

Speaking at an engagement with Northern Regional House of Chiefs, President Mahama said chiefs and local assemblies must work closely together through regular coordination meetings and project monitoring mechanisms to track the progress of government interventions.

“I’m therefore directing the Minister for Local Government — and the Minister is here — to create a framework where traditional rulers and district assemblies can meet occasionally to review the progress of work on critical infrastructure that government is undertaking in your various traditional areas and districts,” he stated.

The President stressed that district chief executives, assembly officials and traditional authorities should undertake joint visits to project sites to assess the quality of work and monitor implementation.

“There should be regular coordination meetings and project monitoring mechanisms where the district assemblies, district chief executives and the traditional rulers physically go to the sites of development projects to review the state of work and monitor the progress,” he added.

Mr. Mahama noted that involving traditional leaders in project supervision would help bridge the gap between projects announced and those successfully completed, while ensuring that communities derive full value from public investments.

Continue Reading

General News

Government to Complete 35 Agenda 111 Hospitals as EOCO Targets Defaulting Contractors

Published

on

President John Dramani Mahama has revealed that the Economic and Organised Crime Office (EOCO) is actively pursuing contractors who allegedly received mobilisation funds for the Agenda 111 hospital projects but failed to execute the works.

He disclosed that several of the facilities under the nationwide hospital initiative remain incomplete, with some stalled at foundation level despite funds being disbursed.

“Some of them are at foundation level, even some of them people took the mobilization and never went to site. EOCO is going after them,” President Mahama stated.

The President made the remarks during a courtesy call by the Northern Regional House of Chiefs at the Presidency, where discussions also focused on stalled infrastructure projects and government’s plans to revive them.

The Agenda 111 hospital programme, launched to expand healthcare infrastructure across Ghana, has faced criticism over delays and a growing number of uncompleted facilities. President Mahama acknowledged the challenges, noting that government has now adopted a more targeted, phased approach to ensure progress and accountability.

He explained that priority will be given to completing 35 hospitals that are already near completion, with funding directed toward finishing those facilities before additional phases are considered.

“What government has decided is the 35 that were almost near completion. Government this year is going to put money in and continue them and complete them,” he said.

President Mahama further indicated that government is also exploring partnerships with faith-based organisations to support the completion and operationalisation of some of the stalled hospitals, as part of broader efforts to improve healthcare delivery nationwide.

Continue Reading

Trending

Copyright © 2026 KPDOnline. Powered by AfricaBusinessFile