Sagnarigu MP Projects Over 6% Economic Growth, Credits Mahama Administration’s “Prudent Management”
The Member of Parliament for Sagnarigu has projected that Ghana’s economy will grow by more than six percent by the end of the year, surpassing earlier forecasts of four percent.
Speaking at a forum organised by the Journalism and Media Students Association of Ghana (JAMSAG) at the University for Development Studies (UDS), Nyankpala Campus, the MP attributed the expected growth to what he described as the “prudent management of the economy” by President John Mahama’s administration.
According to him, the current economic turnaround marks a sharp departure from previous years, when managers of the economy “blamed everything but themselves” for poor performance.
“The economy is being managed well under John Mahama. In the past, we heard excuses such as the pandemic, the Russia–Ukraine conflict, and the Israel–Hamas situation as reasons for our economy not doing well,” he said. “Now, the real impact will soon be felt by all and sundry.”
The MP, a member of Parliament’s Select Committee on Finance, further revealed that by September 2026, Tamale will have its first ring road. He added that each MP has also received 50,000 live birds for distribution to constituents under the government’s flagship Nkoko Nkiti Nkiti poultry program, which he said will help reduce the importation of foreign chicken.
Economist Applauds Government but Urges Caution
A professor of economics and finance from the UDS School of Business also delivered a lecture on the theme: “The State of Ghana’s Economy: Immediate Past, Present and Future.”
Professor Issahaku Haruna commended the government for restoring confidence in the economy, improving macroeconomic stability, and earning upgraded assessments from credit rating agencies.
However, he advised the administration to “resist the temptation” to return to the international borrowing market despite the positive outlook.
The professor also recommended diversifying Ghana’s reserve assets beyond gold to include other valuable minerals such as bauxite and diamond.
He further urged the continued restructuring of state-owned enterprises to transform them from loss-making entities into profitable ones.
Media Urged to Simplify Economic Reporting
Head of the Department of Journalism and Media Studies, Dr. Mahama Shaibu, emphasized the critical role of the media in shaping public understanding of economic issues.
He encouraged journalists to use simple, accessible language when reporting on the budget and other economic matters, noting that the media must serve as a “bridge between the government and the people,” relaying feedback from citizens on policy decisions.
Dr. Shaibu also highlighted the connection between a nation’s economic health and the sustainability of its media landscape. He warned that a weak economy could lead to “news deserts,” where citizens lack access to high-quality information.
The forum brought together students, academics, and policymakers to discuss the current state of the Ghanaian economy and the media’s role in policing public spendings to foster transparency and accountability.
Credit : Iddrisu Kumbundoo
