Coronavirus has exposed the economy – John Dramani Mahama

Former President of the Republic of Ghana and the predecessor of His Excellency Nana Addo Dankwah Akufo Addo, John Dramani Mahama says the country’s current economy has revealed that it is fragile following the “stress test” it has been subjected to by the novel Coronavirus.

He has called for the need for the government to be prudent in the management of the sector.

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Mr. John Dramani Mahama made these remarks yesterday when he made available relief items for distribution to 20,000 households in Ghana.

He opined that COVID-19 management requires that there is strict prioritization in government’s borrowing and expenditure.

On Monday, the Executive Board of the International Monetary Fund (IMF) approved $1 billion for disbursement to Ghana under the Rapid Credit Facility (RCF) to cushion the economy.

The former Prez. further had this to say:

“This will help cushion the economy from the dangers of recession,” he noted, strongly indicating: “Our economy has revealed from this COVID-19 stress test that it is still fragile and we need to be prudent in how we manage going forward.”

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