President John Dramani Mahama has emphasized that Ghana’s economic transformation agenda must deliver tangible improvements in living standards, stressing that policy outcomes should be measured by their impact on households rather than “economic statistics” alone.
Speaking at the 10th Ghana CEO Summit in Accra, the President said the ultimate objective of economic management is to ensure that growth translates into better livelihoods, stronger job creation and improved welfare outcomes for ordinary citizens. He cautioned that macroeconomic gains lose meaning if they do not reflect in reduced cost pressures, expanded employment opportunities and broader access to economic opportunities.
He reiterated the Government’s commitment to strengthening private sector collaboration as a central driver of transformation, noting that sustained investment, industrial expansion and enterprise growth are essential to achieving inclusive development. According to him, the role of the state is to ensure a stable and enabling environment that allows businesses to thrive, while the private sector drives productivity and innovation.
President Mahama further indicated that development must be assessed through its real-world effects, pointing to the need for economic policies that directly influence household incomes, employment conditions and access to essential services. He described this approach as critical to restoring public confidence in economic management and ensuring that growth is both inclusive and sustainable.
He added that when businesses are supported to expand and operate efficiently, job creation accelerates and national prosperity becomes more attainable, reinforcing the importance of “stronger public-private sector partnerships” between the government and industry stakeholders.
The President was subsequently appointed Patron of the Ghana CEO Summit in recognition of his commitment to advancing public-private cooperation and deepening dialogue between policymakers and the business community.
