President Mahama Hails Ghana’s Economic Recovery After Steep Inflation Decline

President John Dramani Mahama has praised Ghana’s recent economic recovery, attributing the turnaround to policy measures that helped reverse a sharp rise in inflation in less than two years.

Speaking at a public event, the President expressed surprise at the strength of the country’s current economic outlook, noting that the recovery had occurred faster than he anticipated when his administration assumed office amid significant economic challenges.

He said both the scale and pace of the rebound had exceeded expectations, earning recognition from international financial institutions, including the International Monetary Fund (IMF) and the World Bank.

President Mahama noted that the economic conditions inherited by his government were so severe that he initially believed it would take at least two years before tangible improvements became evident.

Citing key economic indicators, he pointed to the sharp decline in inflation and the improved performance of the local currency as clear signs of recovery. According to him, the Ghanaian cedi appreciated by 37 percent within a year, marking a significant milestone.

The President attributed the gains to sound economic policies, fiscal discipline, and what he described as the grace of God.