Ghana is showing signs of macro-economic stability – President Mahama

President John Dramani Mahama has expressed renewed optimism about Ghana’s economic future, pointing to early signs of macroeconomic stability following years of financial turbulence.

Speaking at the Kwahu Business Forum on Saturday, April 19, 2025, President Mahama acknowledged the severe challenges Ghana has faced in recent years, including high inflation, a depreciating cedi, mounting debt, and a drop in investor confidence, but said the tide is beginning to turn.

“We’re all aware of the challenges our country has faced in recent years, but I’m confident, and I say this with sincerity, that we will turn the corner,” he assured.

He noted the recent decline in inflation and signs of currency stability as indicators that Ghana is gradually regaining its economic footing through disciplined management.

However, he said that recovery alone is not enough. Ghana, he said, must build a resilient, inclusive, and productive economy that works for everyone, not just a privileged few.

“This transformation requires a financial system that serves all—from the roadside vendor to the large-scale industrialist,” he stressed.

Outlining his administration’s economic vision, President Mahama announced plans to restore investor confidence through a targeted programme focused on transparency, reducing bureaucratic barriers, and promoting a rules-based investment environment.

He also highlighted priority sectors for investment and job creation, including agro-processing, manufacturing, ICT, tourism, renewable energy, and the broader green economy.

While foreign investment remains important, the President underscored the need to empower Ghanaians to lead and own the businesses driving economic growth.