President John Dramani Mahama on Friday said Ghana’s economy is on a path of strong recovery, recording significant progress in growth, inflation reduction, reserves, and fiscal discipline in 2025.
Delivering the State of the Nation Address to the 9th Parliament, President Mahama said GDP for 2025 is projected to hit US$113 billion, placing Ghana among the top ten economies in Africa.
He cited an average growth rate of 6.1 per cent for the first three quarters and a primary surplus of 2.6 per cent of GDP, exceeding targets.
Inflation, which peaked at 54.1 percent in December 2022, had dropped to 3.8 percent by January 2026, while food inflation reduced sharply due to improvements in agricultural production and market stability.
The President said the cedi had appreciated significantly—40.7% against the US dollar, 30.9% against the pound, and 24% against the euro—largely due to strengthened reserves, improved gold export reporting, and reduced smuggling under the Ghana Gold Board regulations.
He also announced that Ghana’s restructured debt had dropped by GH¢82.1 billion, while three international rating agencies upgraded Ghana’s rating, the first such improvement in years.
President Mahama said ongoing reforms, including the abolition of the E-Levy, Betting Tax and COVID-19 Levy, have returned GH¢6 billion into households and businesses, helping to restore confidence and boost economic activity.
Source: businesspostonline
