President John Dramani Mahama has stated that Ghana’s economy was now viewed as one of the strongest on the continent, pointing to gains in major indicators and the nation’s ability to withstand global pressures.
Speaking at the National Day of Prayer and Thanksgiving, after praying with Muslims at the National Mosque, the President said Ghana had recorded notable progress in the last year thanks to careful economic handling, self-discipline and the tenacity of its citizens.
“God has been good to us this past year. He has guided our steps and granted us the wisdom and courage required to turn this economy around,” he said. In Mahama’s view, Ghana’s rebound has attracted attention across Africa despite turbulence in the world economy, including the continuing crisis in the Middle East.
“Today Ghana’s economy is recognised as one of the best-performing in Africa. Even in the face of the conflict in the Middle East, our economy has demonstrated remarkable resilience and Ghanaians have been spared the effects of the external shocks occasioned by that war,” he stated.
The President admitted that steps taken to steady the economy were tough and often disliked, but argued they were essential to rebuild trust and return the country to growth.
“The decisions required to restore the economy were neither easy nor popular. They demanded sacrifice, discipline and patience,” he said.
He linked the nation’s advancement to divine favour, sound financial stewardship and the resolve of Ghanaians.
“But by the grace of the Almighty Allah, together with prudent economic management and the resilience of the Ghanaian people, Ghana has turned the corner,” he added.
President Mahama pointed to several key wins so far: lower inflation, a steadier cedi, smaller debt, improved foreign reserves and rising investor trust.
“Inflation has declined significantly. Our currency, the cedi, has regained stability. Our debt has reduced. Our international reserves have improved. Investor confidence has strengthened and opportunities for growth are steadily returning,” he noted.
The President said the progress should not be seen as a finish line but as a base for job creation, more opportunities and better living conditions.
“These achievements are not an end in themselves. They represent renewed hope for businesses, greater confidence among investors and a stronger foundation on which we can create jobs, expand opportunities and improve the quality of life of our people,” he said.
The National Day of Prayer and Thanksgiving gathered religious leaders, government officials and citizens to pray for peace, unity and the country’s development.
