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Mahama’s Government Shows Promise but Faces Looming Challenges – Experts

President John Dramani Mahama's return to Ghana's highest office has been met with both optimism and caution. While his administration has initiated several reforms and fulfilled a significant portion of its early promises, experts highlight persistent challenges that could impede sustained progress. In his first 120 days, President Mahama claims to have fulfilled 72% of his pledges, including the launch of a code of conduct for government officials and the initiation of investigations into unresolved murders and financial scandals . These actions underscore a commitment to transparency and accountability. However, analysts point out that some of these achievements may be overstated, noting that systemic issues like corruption and bureaucratic inertia remain deeply entrenched . The administration's economic reforms, while ambitious, are still in their infancy and face execution challenges, particularly in creating sustainable job opportunities . Furthermore, Ghana's economy, though […]

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Ghana cedi named world’s best-performing currency by Bloomberg

Ghana's cedi has recently garnered international attention by being named the world's best-performing currency in April 2025, appreciating nearly 16% against the US dollar, according to Bloomberg. This significant turnaround marks a notable shift from its previous status as one of the weakest currencies globally. A Remarkable Reversal In 2022, the Ghanaian cedi faced severe depreciation, losing over 50% of its value and ranking among the world's worst-performing currencies. This decline was attributed to unsustainable debt levels, high inflation, and dwindling foreign exchange reserves. The situation prompted the Ghanaian government to seek a $3 billion bailout from the International Monetary Fund (IMF) to stabilize the economy. Economic Recovery and Currency Appreciation The cedi's recent appreciation has had a positive impact on Ghana's economy. Consumer price inflation fell to 21.2% in April, down from 22.4% in March, marking the lowest rate […]

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