President John Dramani Mahama has highlighted the depth of the economic challenges his government inherited, emphasizing the decisive actions taken to restore stability and growth.
Speaking in Parliament during his 2026 State of the Nation Address on Friday, February 27, Mahama stated, “We inherited an economy in severe crisis,” describing a landscape burdened by high debt, runaway inflation, and a depreciating currency that had caused widespread hardship for Ghanaians.
The President outlined the government’s approach to tackling these challenges, stressing the importance of discipline and strategic reforms. “From the outset, we resolved to choose discipline over waste, reform over excuses, and stability over speculation,” he said.
Mahama highlighted key interventions, including debt restructuring, inflation control, and measures to stabilize the cedi, which he said are already producing results. He noted that these steps have contributed to improved GDP growth, rising foreign reserves, and a more conducive environment for business and investment.
“These reforms are helping to restore confidence in the economy and create a foundation for sustained prosperity,” Mahama added, underscoring the government’s commitment to continued fiscal prudence and strategic economic management.
