A high-level Presidential Advisory Group on the Economy (PAGE) has been established by President John Dramani Mahama as part of government initiatives to bolster fiscal sustainability, promote inclusive, job-rich growth, and restore macroeconomic stability.
Felix Kwakye Ofosu, the Minister of Government Communications and Presidential Spokesperson, signed a statement announcing the creation of PAGE, which aims to support strategic policy coordination, sound economic governance, and evidence-based decision-making as Ghana navigates present economic challenges.
According to the announcement, President Mahama will serve as chair of the Advisory Group, which is made up of eminent figures from the corporate, governmental, and academic sectors.
Vice President Professor Jane Naana Opoku-Agyemang, private sector leaders Ishmael Yamson and Kwame Pianim, former Deputy Minister of Finance and Trade and Industry Nana Oye Mansa Yeboaa, former Bank of Ghana Governor and former Finance Minister Dr. Kwabena Duffuor, industrialist Sir Sam Jonah, former World Bank infrastructure expert and agribusiness investor Ato Brown, former Bank of Ghana Governor Dr. Henry A. Kofi Wampah, and economist and business leader Togbe Afede XIV are among the group
Abena Amoah, the CEO of the Ghana Stock Exchange, Professor Priscilla Twumasi Baffour, and Professor Patience Aseweh Abor are among the others.
The announcement states that the advisory committee will be crucial to the execution of important government programs, such as the 24-Hour Economy, the Accelerated Export Development Programme, and the larger Reset Agenda.
According to the statement, PAGE will function as an independent, nonpartisan advisory body that reports directly to the President.
It further stated that strategic advice on macroeconomic management, fiscal consolidation, debt sustainability, and coordination between monetary and fiscal policy is part of its mandate.
Additionally, the group will offer advice on strategies for export-led growth, industrial development, competitiveness, and structural reform.
The advisory group is also anticipated to provide advice on investment mobilisation, sectoral development, private sector growth, and sustainable job creation.
According to the announcement, PAGE will support the planning, implementation, and sequencing of productivity-boosting reforms. It will also regularly evaluate the nation’s economic performance and suggest policy changes or remedial actions as needed.
Ghana’s economic talks and interactions with foreign financial institutions, investors, and bilateral and multilateral development partners would also benefit from the group’s expert contributions.
The statement states that upon request, it will provide the President with briefs, advising memos, and regular strategic evaluations.
The group’s makeup, according to the government, represents the President’s determination to use extensive domestic and international experience to set up Ghana for long-term economic reform, resilience, and sustained growth.
Full Statement Below:
Source: newsthemegh.com