Ghana’s economy has seen notable growth under President John Dramani Mahama’s leadership. He has emphasized a number of encouraging signs that point to the nation’s impending recovery.
Speaking to the people of Dambai College of Education in the Oti Region as part of his “Thank You” tour, the President listed significant accomplishments in what he called a continuous “economic reset.”
Referring to the recently tabled Mid-Year Budget Review in Parliament, President Mahama said,
“Ghanaians are generally satisfied with my government’s economic management over the past 199 days,” President Mahama stated, referencing the recently presented Mid-Year Budget Review in Parliament.
The President said, Ghana’s public debt has significantly decreased, falling from 61.8% of GDP at the end of 2024 to 43.8% by June 2025, by more than GH¢113 billion. He claimed that this is a clear indication of sound economic governance and represents a significant change in the nation’s fiscal situation.
Another significant decline has been in inflation, which dropped from 23.8% in December 2024 to 13.7% in the middle of 2025. Investor confidence is also expected to increase as Ghana’s credit rating has improved from junk status to a “B-” grade with a stable outlook.
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The Ghanaian cedi’s performance was one of the most notable accomplishments mentioned by the president. In comparison to major international currencies, the currency has gained over 40% after years of depreciation, reversing declines in 2022, 2023, and 2024.
Mahama confirmed,
“Our reset agenda for the national economy is on track,” Mahama affirmed. “We aim to exercise fiscal prudence to maintain a stable cedi and ensure long-term stability.”
