According to President John Dramani Mahama, Ghana’s economy is firmly on the road to recovery, citing stable exchange rates, declining inflation, and a resurgence of investor confidence.
During his first media appearance of his second term on September 10, 2025, the President stated that inflation had fallen to 11.5% in July 2025, the lowest since December 2021.
He emphasised that this was not just a statistical achievement but one that was easing the financial burden on ordinary Ghanaians.
“Today, we are seeing a stabilisation in the price of goods and services, with inflation dropping significantly from 23.8 per cent in December 2024 to 11.5 per cent in July 2025. The prices of key commodities are falling, and for the first time in years, businesses are actively advertising their price reductions,” Mr Mahama said.
He pointed out that the pattern showed both good macroeconomic management and alleviation in home budgets, as families were now able to make more money.
Targeted measures, such as the elimination of nuisance fees, enhanced energy supply that avoided power outages, and initiatives that lowered operating costs, were credited by the president with the turnaround.
Ghana’s credit risk outlook was upgraded from “junk” to B minus with a stable outlook by S&P Global, he said, indicating that international rating agencies had taken notice.
He went on to say, “This upgrade indicates renewed investor confidence and the positive momentum of our recovery.”
According to the president, the goal of his Resetting Ghana Agenda was to guarantee that macroeconomic stability provided real advantages to all residents, particularly small enterprises and those working in the unorganized sector.
He acknowledged that while challenges remained, the government was committed to consolidating these gains and making them sustainable. “The real economy is not in statistics but in the pockets of the people,” he said.
