President Mahama has reemphasized his government intention to go along with the fiscal measures that will enable it tame Ghana’s ailing economy.
Fiscal consolidation he says is taking shape to ensure government “brings back the macro-economy on track.”
Speaking to State broadcaster, GBC, Wednesday Mahama said government has taken steps to review and downsize the ‘high wages and compensation in the public sector’.
The economy he added had been troubled with significant rise in public sector wages, a situation he says stifles growth.
Ghana’s economy has come under severe stress, a phenomenon, managers of the economy point to huge debts and a prevailing power crisis.
He insisted his government will stick to homegrown policies to get the economy back on track.
“We’re coming out of the woods, but we are not there yet.
“We’ll ensure to be more discipline with our finances.”