President John Dramani Mahama says Ghana’s economy is on the rebound, highlighting disciplined governance, fiscal reforms, and restored confidence in the country’s financial system.
During his 2026 State of the Nation Address to in Parliament on Friday, February 27, Mahama told lawmakers, “Ghana is back, Ghana is working again,” emphasizing that strategic planning and careful management have laid the foundation for sustained growth and economic stability.
He outlined a series of measures his administration has implemented to stabilise public finances, reduce debt, and revive business confidence. “We have borrowed less and spent more responsibly,” he stated, underscoring the government’s commitment to fiscal discipline.
The President reflected on the challenges inherited by his administration, noting that recovery required bold and deliberate actions.
“I was clear from the outset that recovery would not come easily, but I was also clear that I would stop at nothing to turn this situation around and bring relief to Ghanaians. I promised then that just as we have confronted and overcome crisis in the past, I would reset our economy and return us to a path of growth, progress, and development.”
Mahama further told Parliament, “I told this August House then, when I appeared before you last year, that we would have to take tough, prudent, and necessary decisions to restore stability and credibility. Today, Mr. Speaker, I can say to you with confidence, Ghana is back. Ghana is working again. And Ghana is open for business.”
He stressed that the government’s policies are grounded in discipline, transparency, and accountability.
“The fundamentals are improving and the path to sustained acceleration is very clear to everyone. From the outset, we resolved to choose discipline over waste, reform over excuses, and stability over speculation. As a responsible government, our first order of business was to halt the economic haemorrhaging and restore order to our public finances.”
Mahama detailed measures including tightened expenditure and commitment controls, improved reporting of government payables, and a comprehensive audit of 2024 financial commitments.
“These measures have begun to deliver some of the most remarkable economic outcomes in decades,” he said, highlighting Ghana’s renewed momentum toward growth and development.
