President Mahama Touts Ghana’s Economic Rebound at General Assembly
President John Dramani Mahama has claimed early success in stabilising Ghana’s economy, telling the United Nations General Assembly that inflation has more than halved and the cedi has staged a strong recovery since he returned to office in January.
In a speech at the 80th UNGA in New York on Thursday, Mahama said his government’s “reset agenda” — a package of reforms aimed at restructuring public finances and restoring competitiveness — had reversed a severe economic downturn.
“Inflation has fallen from 23.8 per cent in December 2024 to 11.5 per cent in August 2025, restoring price stability for our citizens,” he said.
“The Ghana cedi has appreciated considerably, with Bloomberg reporting it as the best-performing currency in the world at one point,” the President added.
He added that Ghana’s sovereign credit rating had improved, reflecting “increasing investor confidence,” and promoted his administration’s “24-Hour Economy” initiative as a driver of long-term diversification.
President Mahama’s upbeat message contrasts with the recent past, when Ghana endured a debt crisis that forced the country into its 17th IMF programme in 2022.
While the cedi’s rebound and softer inflation have been welcomed by markets, economists warn that the recovery remains heavily reliant on fiscal discipline, central bank support and continuing debt relief.
