Professor of Finance and Economics at the University of Ghana, Godfred Bokpin, has given President John Dramani Mahama a positive assessment for his first year in office, citing improving economic indicators as evidence of steady progress.
In an interview on Joy News on Wednesday, January 7, Prof. Bokpin said the administration has managed the economy creditably, especially considering that economic management was a dominant issue in the 2024 general elections.
He explained that an assessment of the economy across multiple sectors shows encouraging trends within the President’s first 12 months in office.
“When you take a holistic look at the data, it is clear that the economy is gradually moving in the right direction. Overall, the President has done fairly well within this short period,” Prof. Bokpin stated.
He identified improved fiscal discipline as one of the major gains, attributing it to expenditure rationalization and tighter commitment controls introduced by the Ministry of Finance.
According to him, the formalization of commitment authorization procedures has been particularly significant in promoting accountability and ensuring the efficient use of public funds.
Prof. Bokpin also commended the level of coordination between fiscal and monetary authorities, noting that it has played a key role in stabilizing the economy, noting “There has been strong alignment between fiscal and monetary policy, and that has helped restore some level of stability,” he said.
He added that favorable external developments, especially improved global commodity prices, have complemented domestic policy efforts and supported the country’s economic recovery.
“Taking both domestic policy measures and external conditions into account, I believe the President has largely been able to put things back on track,” Prof. Bokpin concluded.
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