Mahama Says Ghana’s Economy Ranks Among Africa’s Top Performers Amid Strong Recovery

President John Dramani Mahama has asserted that Ghana’s economy is now counted among the best-performing on the African continent, attributing the country’s recovery to sound economic policies, fiscal discipline and the resilience of the Ghanaian people.

Speaking at the National Day of Prayer and Thanksgiving on Wednesday , July 1, after joining Muslims in prayer at the National Mosque, the President said Ghana had made significant economic gains over the past year despite continued global economic challenges.

He thanked God for guiding the nation through a difficult period, saying divine grace, coupled with prudent leadership and the commitment of Ghanaians, had helped steer the economy back onto a path of growth.

According to President Mahama, Ghana’s economic progress has received recognition across Africa, with the country maintaining stability even as geopolitical tensions, including the ongoing conflict in the Middle East, continue to affect economies around the world.

He noted that while many countries have struggled with the impact of external shocks, Ghana has remained resilient, demonstrating the effectiveness of the government’s economic management strategies.

The President acknowledged that efforts to restore the economy required bold and sometimes unpopular decisions. However, he stressed that the measures were necessary to stabilise the economy, rebuild confidence and create the conditions for long-term growth.

President Mahama highlighted improvements in several key economic indicators, stating that inflation has eased considerably, the Ghana cedi has become more stable, public debt has declined, international reserves have increased, and investor confidence has strengthened.

He said these improvements are beginning to restore confidence among businesses and investors while laying the groundwork for sustainable economic expansion.

The President emphasised that the country’s economic recovery should ultimately lead to meaningful improvements in the lives of Ghanaians through increased employment opportunities, business growth and higher living standards.

He urged citizens to remain hopeful and continue supporting efforts to sustain the country’s economic progress, adding that the gains made so far provide a solid foundation for future development.

The National Day of Prayer and Thanksgiving was attended by religious leaders, government officials and members of the public, who gathered to pray for peace, unity and Ghana’s continued prosperity.