Former President John Dramani Mahama has expressed concerns about Ghana’s economic downturn, citing the country’s loss of its position as the second-largest economy in West Africa to Côte d’Ivoire in 2022.
Mahama attributes this decline to poor economic management by the current administration.
During his visit to the Manhyia Palace, Mahama pledged to make Ghana a more attractive destination for business and investment if re-elected.
He emphasized the need to restore Ghana’s economic growth, citing the country’s slip to third place in West Africa’s economic rankings.
Mahama’s concerns are echoed by economic data, which shows Ghana’s GDP growth rate slowing down in recent years.
According to the World Bank, Ghana’s GDP growth rate declined from 8.3% in 2017 to 3.4% in 2020 ¹.
The former president’s remarks come as part of his 6-day tour in the region, where he aims to outline his vision for Ghana’s economic recovery.
Source: Ghana/otecfmghana.com/ Prince Atta- Boateng, Kumasi.
