President Mahama
Ghana’s President, John Dramani Mahama, has attributed the improved performance of the Cedi to “robust foreign exchange inflows and deliberate policy measures” implemented by his administration.
Speaking at the Ghana-European Union Business Forum in Accra, President Mahama expressed optimism about the country’s economic prospects.
According to the President, the policy measures have been supported by strengthened gross international reserves, which have surged from $8.9 billion in December 2024 to $10.6 billion by the end of April 2025.
“These figures, though early in the year, are clear signs of discipline and inclusive economic recovery,” he stated.
President Mahama also highlighted the reduction in the fiscal deficit from 7.5% of Gross Domestic Product (GDP) in 2024 to 6.4% in the first half of 2025, with a target of 3.1% by the end of 2025.
“Fiscal consolidation is underway, we have reduced the fiscal deficit on commitment basis…and we are on track to meet our 2025 end year target through expenditure rationalisation, improve domestic revenue mobilization and strong anti-corruption measures,” he said.
The President assured both local and international investors of his administration’s commitment to fostering a secure and enabling environment for investment.
“I assure all potential investors that under this administration, Ghana is committed to transparent Governance, policy predictability, and a reformed business environment,” he stated.
“We are restoring confidence in our public procurement systems, enforcing contract sanctity and protecting investor rights under both domestic and international legal regimes,” President Mahama added.