Nat’l Tymes News Desk
PRESIDENT John Dramani Mahama has assured Ghanaians that the country’s economy is gradually returning to stability, citing a sharp decline in inflation, a stable local currency, and stronger foreign reserves as signs of renewed confidence in the economy.
Speaking during the “Resetting Ghana” citizen engagement in Damongo, in the Savannah Region, the President said the improving economic indicators would help Ghana withstand external shocks while creating a better environment for businesses and investment.
President Mahama also highlighted government’s decision to release 80 per cent of the District Assemblies Common Fund directly to Metropolitan, Municipal and District Assemblies to speed up development at the local level.
According to him, the policy has already improved the timely release of funds to assemblies, enabling districts to independently undertake important projects including schools, CHPS compounds, roads and 24-hour markets to improve the lives of residents.
He stressed that the move forms part of government’s broader agenda to deepen decentralisation and ensure that development reaches communities across the country more quickly.
Touching on development in the Savannah Region, President Mahama reiterated government’s commitment to balanced national growth through targeted investments in deprived areas.
He announced plans for major projects in the region, including the establishment of a science and technology university, the construction of a 300-bed regional hospital, expansion of water systems, improvement of road networks and increased electricity access.
President Mahama said the interventions are aimed at improving living conditions, creating opportunities for the youth and accelerating socio-economic growth in the Savannah Region and beyond.
Source: Nationaltymes.com
