President John Dramani Mahama has attributed the recent rebound of the Ghanaian Cedi to robust foreign exchange inflows and deliberate policy measures aimed at stabilising the economy.
Speaking at the Ghana-EU Business Forum in Accra, he highlighted the government’s determination to meet economic growth targets.
The President noted that gross international reserves have surged from $8.9 billion in December 2024 to $10.6 billion by April 2025, reflecting growing investor confidence and enhanced external financial buffers. He stated: “Fiscal consolidation is underway, we have reduced the fiscal deficit on commitment basis, from 7.5% of GDP in 2024 to 6.4% in the first half of 2025, and we are on track to meet our 2025 end year of 3.1% through expenditure rationalisation, improve domestic revenue mobilization and strong anti-corruption measures.”
These efforts, he said, are clear signs of discipline and inclusive economic recovery. President Mahama assured investors of the government’s commitment to fostering a secure and enabling environment, saying: “I assure all potential investors that under this administration, Ghana is committed to transparent Governance, policy predictability and a reformed business environment. We are restoring confidence in our public procurement systems, enforcing contract sanctity and protecting investor rights under both domestic and international legal regimes.”
The Ghana-EU Business Forum, held under the theme “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy,” brought together key stakeholders from both Ghana and the European Union to discuss ways to deepen cooperation and drive economic growth. President Mahama’s remarks underscored the government’s commitment to creating a favorable business environment and promoting economic development.
