We'll turn the corner, there are early signs of macro-economic stability - Mahama

President John Dramani Mahama is optimistic about Ghana’s economic future. He believes the country is seeing early signs of macroeconomic stability after years of challenges.

He shared these thoughts at the Kwahu Business Forum on Saturday, April 19, 2025.

Mahama acknowledged the economic difficulties Ghana has faced. These include soaring inflation, a weakened cedi, rising debt levels, and declining investor confidence. He stated that the worst may be over.

“We’re all aware of the challenges our country has faced,” he said. “But I’m confident that we will turn the corner.”

He pointed to easing inflation and a stabilizing currency as signs of progress. “With disciplined management, we shall restore confidence in our economy,” he added.

However, Mahama emphasized that recovery alone is not enough. He called for bold actions to transform the economy into one that is resilient and inclusive. “This cannot be achieved without a financial sector that works for every Ghanaian business,” he noted.

The President outlined his vision for Ghana’s business landscape. He announced plans to restore investor confidence through enhanced transparency and reduced bureaucratic red tape. A rules-based investment environment will also be promoted.

He highlighted government policy priorities in sectors like agro-processing, ICT, manufacturing, tourism, renewable energy, and the green economy.

While attracting foreign investment is crucial, Mahama stressed empowering Ghanaians as owners and drivers of enterprise.