Dr Leslie Mensah, a Research Fellow at the Institute of Fiscal Studies, has expressed concerns about Ghana’s current economic challenges.
Despite signs of recovery from the acute crisis that began in 2022, he emphasises that the nation continues to face significant hurdles, particularly in achieving sustainable macroeconomic stability.
His comments follow a two-day National Economic Dialogue, held on March 3 and 4, 2025, at the Accra International Conference Centre (AICC), which brought together experts, policymakers, academics, traditional leaders, and private sector representatives to deliberate on key areas such as sustainable macroeconomic stability, economic transformation, infrastructure development, structural reforms, private sector-led growth, governance improvements, and anti-corruption efforts.
In an interview with Nii Larte Lartey on The Point of View on Channel One TV, Dr Mensah highlighted the importance of addressing persistent challenges like high inflation and unstable exchange rates to achieve the desired economic stability and growth.
“The economy is still in a difficult place. Although it’s been recovering from the acute crisis that it suffered starting in 2022. It’s in a difficult place because the micro-economic environment today is still quite challenging in historic terms. We have persistently high inflation, we have inflation today of more than 20% and inflation has been more than 20% for a very long time.
“Although the exchange rate is more stable today than it was in the depth of the crisis, it’s still historically unstable a situation.”
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