Ghana is emerging from one of its most challenging economic periods, President John Dramani Mahama has declared, marking one year since his administration assumed office amid widespread hardship and declining national morale.
Speaking on the nation’s progress, the President said his government took charge of a country weighed down by economic collapse, social frustration, and fading public confidence. Youth unemployment was rising, infrastructure had deteriorated, and many Ghanaians had lost faith in leadership and the future.
Despite warnings that recovery would take decades, President Mahama said he remained confident from the outset. “We were told that recovery would take a generation,” he recalled. “But I believed in the strength and resilience of the Ghanaian people.”
At the start of the New Year, he added, “I can say with conviction that Ghana is rising again.”
According to the President, the turnaround has been driven by deliberate policy choices, disciplined fiscal management, and reforms that, while difficult, were necessary to stabilise the economy and restore credibility.
One of the most notable improvements, he said, has been the reduction in inflation. From levels exceeding 23 per cent at the end of 2024, inflation has fallen significantly, with government projecting single-digit figures—slightly above five per cent—by the close of 2025.
The President also pointed to growing currency stability, revealing that Ghana is on track to rank among the best-performing currencies globally in 2025. He attributed this achievement to strong coordination between fiscal and monetary authorities.
Beyond headline economic indicators, President Mahama said his administration is prioritising growth that translates into opportunity, particularly for young people. Targeted interventions across key sectors, he noted, are aimed at expanding employment and strengthening productive capacity.
Renewed confidence in the economy has also boosted investment inflows. According to the President, both domestic and foreign direct investment have increased significantly, driven by renewed trust in government policies and economic direction. “Investors believe again in the Ghanaian economy,” he said.
Internationally, President Mahama announced that Ghana has rebuilt trust with its global partners, successfully renegotiating its debt obligations on terms that protect national sovereignty while ensuring long-term sustainability.
He further disclosed that the country has begun exiting the International Monetary Fund (IMF) programme “with dignity,” stressing that Ghana now engages the global community as a confident partner rather than a dependent one.
