President John Dramani Mahama has highlighted Ghana’s strengthened national currency, emphasizing its resilience against major global trading partners.
Speaking in Parliament during his 2026 State of the Nation Address on Friday, February 27, Mahama appeared to indirectly respond to former Vice President Dr. Mahamudu Bawumia’s claims regarding currency management.
“Mr. Speaker, we did not arrest the dollar. We strengthened the cedi to put up a good fight against the other currencies,” he said, outlining a deliberate strategy to stabilize exchange rates and reduce volatility that had previously burdened households and businesses.
He reported significant gains for the cedi, noting, “And I’m pleased to report to this house that the cedi appreciated by 40.7% against the US dollar, and by 13.9% against the British pound, and by 24% against the euro.”
President Mahama explained that these measures, combined with fiscal discipline, are helping protect citizens’ purchasing power while creating a more favorable environment for trade and investment.
He stressed that currency stabilization is a core pillar of Ghana’s broader economic recovery, ensuring resilience against global shocks and supporting sustained growth.
