Mahama says inflation cooling and cedi firming

President Mahama sees good economic signs that suggest life might become easier soon. He points to falling inflation numbers and the cedi gaining strength against major world currencies like the dollar. Annual consumer inflation went down for the third month in a row to 22.4% this March, reaching its lowest point since last November because the cedi remained stable. The inflation rate still sits much higher than the Bank of Ghana wants, as they aim for 8% with an acceptable range between 6% and 10%.

At the Kwahu Business Forum yesterday, Mahama said inflation is going down as the currency becomes more stable. He talked about his government working on climate change problems through technology, saying Ghana should be digital, green for everyone. The President explained that Easter celebrations will also help grow businesses, rather than just being about festivities. He mentioned keeping his promise to improve the business forum after winning the election, saying Easter will focus on building businesses from now on.

Mahama encouraged Ghanaians to think beyond just being traders since global changes create new opportunities. He described the financial sector as essential for economic growth, similar to blood flowing through all parts of the economy. His government aims to help citizens become leaders who control Ghana's economy themselves.
 

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