President John Mahama has announced he will chair the strategic advisory committee to recommend short-term policy alternatives to deal with the country’s economic challenges.
The committee will complement the implementation and advisory group that will monitor the execution of the Senchi Consensus following the National Economic Forum.
According to President Mahama, the medium to long term prospects of Ghana remain bright.
He indicated that Ghana has a very robust economy “and even though we are going through some temporary challenges, our mid-term prospects are very good and government is working to put in place a fiscal consolidation policy which will ensure that we are able to stabilize the macro-economic environment in the short-term and that’s why we called a meeting in Senchi, which was a very successful meeting.”
President Mahama noted after the final report was presented to him, an implementation and advisory group was set up to follow and monitor the implementation of the Senchi report and “I myself, I’m chairing the strategic advisory committee which is working on the policy alternatives that Ghana needs to implement in the short term in order to overcome the challenges that we face”.
Government recently presented a mid-year review and revised budget and macroeconomic targets for 2014 as part of efforts to contain the current economic downturn.
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