President John Dramani Mahama says Ghana is entering a new phase of accelerated growth and expansion after laying what he describes as a strong economic foundation in 2025, following a year of tough but necessary reforms.
In his New Year message to the nation on January 1, 2026, President Mahama stated that the gains made over the past year must now be built upon to deliver the “Ghana we want,” emphasising that the work ahead requires focus, discipline, and collective 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,” the President said.
Reflecting on the state of the economy, the President highlighted progress in stabilising key macroeconomic indicators after years of economic strain.
He said inflation, which stood at distressing levels of 23 per cent and above at the end of 2024, has been significantly reduced, with the government hopeful of ending 2025 with single-digit inflation, just above 5 per cent.
President Mahama also highlighted the improved currency performance, noting that Ghana has achieved “relative currency stability” and is on track to be ranked among the world’s best-performing currencies by 2025, a development he attributed to restored confidence in economic management.
According to him, these gains have helped revive business confidence, leading to a noticeable increase in domestic and foreign direct investment, while also creating more opportunities for young people through accelerated economic growth.
On Ghana’s external relations, the President said the country has regained credibility with its international partners, particularly through the successful renegotiation of its debt obligations.
“We have restored Ghana’s credibility with international partners, completed the renegotiation of our debt obligations on terms that protect our sovereignty while ensuring sustainability,” he said.
He added that Ghana has begun the process of exiting the International Monetary Fund (IMF) programme, insisting the country is doing so “with dignity, not as supplicants, but as partners.”
His New Year’s address sought to reassure Ghanaians that the worst is over, while setting expectations for a more ambitious phase of governance.
As 2026 begins, President Mahama urged citizens to remain united and committed, noting that sustained growth will depend not only on government policy but also on the collective contribution of Ghanaians to national development.
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