Mahama didn't promise to stabilise cedi in 100 days - Campaign team clarifies

The campaign team of former President John Mahama has clarified that he never promised to stabilise the Ghana cedi in 100 days, as reported by some news houses.

A statement signed by Special Aide & Spokesperson Joyce Bawah Mogtari on Wednesday, 29 May 2024, said Mr Mahama, "with a deep understanding of the economic challenges confronting the country today, did not promise to stabilise the Ghana cedi within 100 days.

"Instead, he laid out a comprehensive plan in his remarks at the 8th Ghana CEO Summit to address the challenges, demonstrating his grasp of the situation."

To quote him, the statement said Mr Mahama stated: "Our number one priority will be stabilising the economy and restoring a stable currency. We will launch an urgent economic recovery and fiscal consolidation plan following a national economic dialogue to be held within one hundred days of assumption of office."

The campaign team said Mr Mahama also emphasised the need for fiscal discipline and responsible economic management to achieve currency stability.

"He highlighted measures such as pruning government expenditures, preventing waste and corruption, and boosting revenues by expanding the tax net."

Additionally, the team said the flagbearer of the main opposition National Democratic Congress (NDC) "mentioned simplifying the VAT and streamlining its collection, abolishing the e-levy, and reducing some burdensome taxes on businesses and households."

The Mahama 2024 campaign reiterated its "unwavering commitment to transparent and responsible communication with the Ghanaian people" and urged the media "to accurately represent the candidate's statements in their reporting, ensuring the public is well-informed."