President John Dramani Mahama has said the ongoing tensions in the Middle East underscores the need to build a stronger economy that will withstand external shock.
He says a strong and stable domestic economy is need to overcome global crises such as the COVID-19 pandemic and the Russia-Ukraine war which exposed vulnerabilities in economies that lacked adequate financial buffers.
Speaking during his ‘Resetting Ghana’ tour in the Bono Region on Wednesday, March 18, 2026, the President assured that Ghana is now resilient to withstand external shocks, saying his administration has implemented measures to that effect in the past year.
“In this world, unexpected events can occur at any time. If your monetary system is not well cushioned, such shocks can destabilise the economy,” he noted.
According to the President, his government’s focus is to stabilise the economy and tighten monetary policies to ensure the State is able to absorb any future shocks.
“I have hope that the measures we have put in place in our first year have strengthened the economy. Even with ongoing global tensions, our economy will be able to withstand the impact.”
The President also highlighted plans under the government’s proposed 24-hour economy model, which will see the establishment of modern market centres in districts across the country.
These markets, Mr. Mahama added, will be equipped with key facilities, including a Women’s Development Bank, police and fire service stations, cold storage units, daycare centres for traders’ children, hospitality spaces for restaurants, and transport terminals.
The initiative, he noted, is aimed at boosting productivity, supporting women-led businesses to create an efficient and inclusive economic environment nationwide.
