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President John Mahama
President John Mahama

Upgrading of Ghana’s economy encouraging - President Mahama

President John Mahama says the upgrading of Ghana’s economy by Moody’s shows that the managers of the economy are doing the right thing. 

According to him, "Ghana is rising, Ghana is doing well". 

President Mahama was speaking at the VIP Lounge at the Kotoka International Airport in Accra on Wednesday night on his return from his engagements at the United Nations and the United Nations Organisation for Educational, Scientific and Cultural Organisation (UNESCO).

 "In my absence, we were pleased to hear that Moody’s has upgraded Ghana’s economy. It shows that we are doing something right," he stated.

 "We are pleased about the way things are happening. Let us continue to work together and I believe more than the sky is the limit," he added.

Moody’s, a UK-based rating agency, rated the Ghanaian economy B3, which showed stability from a negative outlook.

General Assembly

President Mahama was in New York for the 71st UN General Assembly meeting. Then he flew from New York to Paris on the invitation of UNESCO to speak at the International Programme for the Development of Communication (IPDC) lecture on “Powering the SDGs with access to information".

He spoke on the importance of information and media to sustainable development, with a focus on Goal 16 of the 2030 Agenda.

In his briefing at the KIA, the President described both engagements as successful.

 "Ghana has become an icon in the international community and I am proud to have represented my country well through the debates and speeches that took place at the General Assembly," he said. 

He said the SDGs meeting, which he co-chaired with the Prime Minister of Norway, Ms Erna Solberg, provided opportunities to map out strategies on how the two leaders would create awareness of the SDGs. 

UNESCO meeting

At the UNESCO Headquarters where the President also held a meeting with the UNESCO Director-General, Ms Irina Bokova, he said they discussed important issues about Ghana.

“A strong case was made for the Mole Game Park and the Lake Bosomtwi to be recognised as World Heritage sites,” he indicated.

Besides, he said, they discussed how conservation could be improved in the Akwamu Gorge Forest, which has a good number of its species becoming almost extinct. 

Investment

President Mahama also mentioned investment as one area he devoted attention to while in France.

He stated that during a meeting with the business community in France, he continued his promotion of Ghana as an important destination for doing business.

He disclosed that at a meeting with the Chief Executive of Air France, the airline boss indicated that from next year Air France would start direct flights from Accra to Paris.

"I believe that it falls in line with our vision of making Accra a major aviation hub in West Africa," he said.

On his bilateral meeting with French President Francois Hollande, President Mahama  said the meeting was fruitful.

Discussions included extension of French support to help Ghana achieve universal water coverage by 2050

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