President John Dramani Mahama has delivered an upbeat assessment of the nation’s progress, telling lawmakers that his administration’s tough choices have successfully pulled Ghana back from the brink, restoring fiscal order and global confidence in the economy.
Delivering his State of the Nation Address to Parliament on February 27, the President struck a triumphant chord while reflecting on the previous year’s efforts to stabilize the country’s finances. Addressing a packed chamber that included legislators, state officials, foreign envoys, and special invitees, he stated that his government had made the hard calls necessary to restore integrity to the nation’s books.
Reflecting on his last address to the House, Mahama reminded members that he had promised decisive intervention to right the ship. “When I stood before you last year, I made it clear that difficult choices lay ahead if we were to bring back trust and order. Today, I stand here with certainty when I say that Ghana has turned the corner and is once again open for enterprise.
“The key indicators are moving in the right direction, and the roadmap to sustained growth is unmistakable. From day one, our commitment was to prioritize prudence over excess, transformation over rhetoric, and certainty over guesswork.” He emphasized that restoring balance to the macroeconomy demanded resolute leadership and collective effort, with a sharp focus on budgetary restraint to curb excess and rebuild public trust.
The President elaborated that choosing “prudence over excess” meant slashing frivolous spending and ensuring that every cedi spent delivered tangible results.
He further noted that opting for “transformation over rhetoric” required his team to tackle systemic bottlenecks directly, rejecting the temptation to blame outside forces, while enacting reforms designed to fortify the economy for the future. President Mahama has unveiled significant achievements in job creation and the fight against poverty, revealing that over one million citizens found work during the first nine months of 2025.
President Mahama presented data from the Ghana Statistical Service showing that close to a million individuals were lifted out of multidimensional poverty in that same timeframe. “Data from the Ghana Statistical Service confirms that more than one million Ghanaians secured employment between the first and third quarters of 2025. Concurrently, roughly 950,000 citizens moved out of multidimensional poverty.
“This data is proof that our economy is building momentum and fortifying its position internationally. We are shifting gears from concept to execution on our flagship 24-hour economic initiative,” he stated. He also highlighted a dramatic upswing in the country’s external accounts, reporting that by December 2025, the current account had registered a surplus of $9.1 billion—representing 8.1% of GDP—a significant jump from the 1.8% recorded in 2024.
He credited this success to robust export revenues from gold, cocoa, and other non-traditional goods, coupled with higher remittance flows, calling it clear proof of Ghana’s revitalized economic strength.
