Senchi Consensus President Mahama Receives Report

The first progress report on the Senchi Consensus was yesterday handed over to President John Mahama.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The government organised the Consensus devoid of partisanship last year to map out a solution to the economic challenges confronting the country.

Presenting the report to the President, Director General of the National Development Planning Commission (NDPC), Dr. Nii Moi Thompson said the content of the report are "mixed but encouraging.”

He said as host of the Implementation Advisory Group (IAG) of the Senchi Consensus, NDPC deployed all necessary resources to monitor implementation of the recommendations.

According to Dr. Thompson, the reversal by the Bank of Ghana in June of the measures it imposed in February 2014 to save the cedi began the process of stabilisation and appreciation of the cedi against major currencies in the second half of 2014. The reversal was one of the recommendations from Senchi.

The Director General cited the midterm review of the government’s budget by Finance Minister Seth Terkper as another factor that helped stabilise the cedi, followed by the $1 billion from the Euro bond, the $1.6 billion from the COCOBOD syndicated loan, and the government’s decision to open negotiations with the International Monetary Fund.

He said challenges of implementation included the fact that many of the recommendations were not part of the original work plans of implementing agencies and so had not been budgeted for. Other factors were late release of budgetary allocations to facilitate the work of implementing agencies.

In receiving the report, the President thanked the Commission for its hard work and said government would provide the necessary support to ensure the full implementation of the Senchi Consensus.

He disclosed that the massive investments being made by government in the energy sector were in response to one of the key recommendations of the Senchi Consensus, which was to improve electricity supply for industry and households.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 Ghana Armed Forces GAF announces date for 2017/18 recruitment screeningbullet
2 Freemasonry Here are prominent Ghanaians who are also freemasonsbullet
3 Adult Content We will continue showing porn on TV - Ice TVbullet
4 In Uganda Woman 37, has 38 childrenbullet
5 RIP KABA was the only child of his parents - Captain Smartbullet
6 #IAMGACA Ghanaian Against Child Abuse launchedbullet
7 Recruitment Police, other security agencies would be...bullet
8 Special Ring Saga God has empowered me more than the...bullet
9 Family Affair These mega churches are keeping it in the...bullet
10 Road safety Ghana records over 2000 road accidents in 2017bullet

Top Videos

1 Video Koforidua river mysteriously turns Biblical Blood Redbullet
2 Video Gabby Otchere-Darko, Citi FM MD heckled in New Yorkbullet
3 Watch Stop taking collection in churches -TB Joshua to Pastorsbullet

News