{"id":196232,"date":"2025-12-21T09:40:24","date_gmt":"2025-12-21T09:40:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/196232\/"},"modified":"2025-12-21T09:40:24","modified_gmt":"2025-12-21T09:40:24","slug":"2025-joybusiness-review-govt-should-be-celebrated-for-the-small-economic-gains-joe-jackson","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/196232\/","title":{"rendered":"2025 JoyBusiness Review: Gov\u2019t should be celebrated for the small economic gains \u2013 Joe Jackson"},"content":{"rendered":"

\"2025\n<\/p>\n

Chief Executive Officer of Dalex Finance, Joe Jackson, says the government deserves credit for the modest economic improvements recorded over the past year, even as the country continues to face difficult choices.<\/p>\n

Speaking at Joy Business\u2019 end-of-year economic forum, the JoyBusiness Review 2025, held on Thursday, December 18, Mr Jackson said it was important to acknowledge progress where it has been made, rather than focus solely on challenges.<\/p>\n

\u201cLet\u2019s celebrate the small gains that we have. One of the things I\u2019m always advocating is that these same people, if things went bad, we would be holding them up, we would be stringing them up, we would be drawing and quartering them. So when things are working, let\u2019s give them the benefit,\u201d he said.<\/p>\n

Mr Jackson noted that recognising positive outcomes encourages responsible leadership and sound economic management.<\/p>\n

\u201cIf things go wrong, I will come and sit here and I\u2019ll be singing a different tune. So, number one, let\u2019s celebrate the wins that we have. That\u2019s a positive thing to do. By celebrating them, we are reinforcing and saying this is good behaviour. Keep it up.\u201d<\/p>\n

Earlier at the forum, Mr Jackson named Finance Minister Dr Cassiel Ato Forson and Bank of Ghana Governor Dr Johnson Asiama as the top contributors to Ghana\u2019s economic performance in 2025. He praised both officials for what he described as their hard work and commitment in steering the economy over the past year.<\/p>\n

Read also: JoyBusiness Review 2025: Joe Jackson names Ato Forson, Johnson Asiama as Men of the Year<\/a><\/p>\n

However, he acknowledged that the path to stability has not been easy, describing the government\u2019s position as a difficult balancing act.<\/p>\n

\u201cWe are between a rock and a hard place sometimes, because not spending might also be putting a brick on our growth,\u201d he said.<\/p>\n

He explained that while citizens are eager to see development, the government has had to restrain spending to stabilise the economy. \u201cAs a nation, we are impatient. We are in a hurry. We want roads fixed. We want schools built,\u201d he said.<\/p>\n

Responding to concerns about limited government spending, Mr Jackson said the authorities appear more focused on controlling inflation and restoring confidence.<\/p>\n

\u201cThe government is not spending much, and it\u2019s not spending much because, from their behaviour, you can see that they are far more concerned about inflation than anything else,\u201d he said.<\/p>\n

\u201cAnd bringing inflation down, and making sure that we are so well behaved that we can start to restore investor confidence, so that we can go back to the markets that we were shut out from.\u201d<\/p>\n

\u201cRemember that going to the market is not a bad thing. What makes it horrible is what we use the money for. If you\u2019re going to the market and use it for productive purposes, to bridge our infrastructure deficits, then we\u2019re fine,\u201d he added.<\/p>\n

Mr Jackson said recent improvements in inflation and currency stability have helped Ghana regain some of its appeal to investors.<\/p>\n

\u201cFrom where I sit, the biggest benefit is that, looking at Ghana now, it is starting to retain some of the attractiveness we had a decade or more ago. We can begin to attract investor confidence and return to the markets,\u201d he said.<\/p>\n

He warned, however, that the current reliance on Treasury bills is not sustainable.<\/p>\n

\u201cWe are not even doing local bonds yet; we\u2019re still relying on T-bills. That\u2019s definitely not sustainable. It is only restrained and disciplined behaviour that will get investors to return and start subscribing to Ghanaian local bonds after what the Domestic Debt Exchange Programme did to us,\u201d he said.<\/p>\n

According to him, fiscal discipline was unavoidable given where the country was coming from.<\/p>\n

\u201cFrom where we were, staying on the straight and narrow was absolutely important. We had to do that. We didn\u2019t have a choice.\u201d<\/p>\n

Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Chief Executive Officer of Dalex Finance, Joe Jackson, says the government deserves credit for the modest economic improvements…\n","protected":false},"author":2,"featured_media":196233,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-196232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/196232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=196232"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/196232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/196233"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=196232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=196232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=196232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}