President John Dramani Mahama has announced that Ghana’s economy is stabilising and returning to growth, declaring in Parliament on Friday, February 27, that “Ghana is back” and “Ghana is working again.” Delivering the 2026 State of the Nation Address, he told Members of Parliament that while the road to recovery had been challenging, his government’s economic measures are beginning to yield tangible results.
Resetting the Economy
President Mahama reminded Parliament of his earlier commitment to reset the economy despite prevailing challenges.
“I promised then that just as I have confronted and overcome crises in the past, I would reset our economy and return us to a path of growth, progress, and development,” he said.
He emphasised that tough, prudent decisions were necessary to restore stability and credibility. “Mr Speaker, I told this August House when I appeared before you last year that we would have to take tough, prudent, and necessary decisions to restore stability and credibility. Today, I can say with confidence: Ghana is back. Ghana is working again. And Ghana is open for business.”
Signs of Improvement
The President highlighted positive trends in key economic indicators, noting that government priorities had focused on discipline and reform over waste and speculation.
“From the outset, we resolved to choose discipline over waste, reform over excuses, and stability over speculation,” he said.
President Mahama explained that restoring order to public finances was the government’s first priority. Measures included tighter spending controls, improved reporting on government payables, and a comprehensive audit of financial commitments made in 2024.
“These measures have begun to deliver some of the most remarkable economic outcomes in decades,” he added.
Looking Forward with Confidence
With Ghana preparing to mark its 69th Independence Anniversary, the President urged citizens to be optimistic about the future.
“We approach this celebration not only with pride in our past but also with renewed hope for our future. We are building prosperity through sound policy, responsible governance, and inclusive growth,” he said.
“Our Resetting Ghana agenda is working. Our nation is on the runway; it is in takeoff mode. And you are all advised to fasten your seat belts,” he concluded.
The address reaffirmed the government’s commitment to fiscal discipline, economic reform, and restoring confidence in Ghana’s financial and institutional systems.
