President Mahama Signals Transition to Accelerated Growth Phase After 2025 Economic Reforms
President John Dramani Mahama says Ghana is transitioning into a new phase of accelerated growth and expansion, following what he described as the successful laying of a strong economic foundation in 2025 after a period of difficult but necessary reforms.
In his New Year message to the nation on January 1, 2026, the President said the progress achieved over the past year must now be consolidated to deliver long-term economic transformation, stressing that the next phase will demand discipline, focus, and collective national effort.
“As satisfying as our achievements of 2025 are, they are but the foundation. The architecture of the Ghana we want must now be built on this foundation,” President Mahama said.
Reviewing the state of the economy, the President pointed to significant improvements in key macroeconomic indicators, following years of fiscal and monetary strain. He noted that inflation, which remained above 23 per cent at the end of 2024, has declined markedly, with government targeting a single-digit outcome by the close of 2025, just above 5 per cent.
He also highlighted improved currency performance, indicating that Ghana has achieved relative exchange rate stability and is on course to be ranked among the world’s best-performing currencies by 2025. According to him, this reflects renewed confidence in the country’s economic management.
President Mahama said the stabilisation gains have begun to translate into improved business sentiment, citing rising levels of domestic and foreign direct investment, alongside expanded opportunities for job creation, particularly for young people.
On the external front, the President said Ghana has restored credibility with its international partners, driven largely by the successful renegotiation of its debt obligations.
“We have restored Ghana’s credibility with international partners and completed the renegotiation of our debt obligations on terms that protect our sovereignty while ensuring sustainability,” he stated.
He added that the country has commenced the process of exiting the International Monetary Fund (IMF) programme, stressing that Ghana is doing so “with dignity, not as supplicants, but as partners.”
The President’s address sought to reassure Ghanaians that the most challenging phase of the economic recovery is over, while signalling a more ambitious governance agenda for 2026 and beyond.
As the new year begins, President Mahama urged citizens to remain united and committed to national development, emphasising that sustained economic growth will depend not only on government policy but also on the collective effort of Ghanaians.
