President John Dramani Mahama has stated that Ghana’s foreign reserves have grown sharply, climbing from roughly $8.9 billion to about $13.9 billion, a shift he says is aiding currency steadiness, boosting investor sentiment and fostering a better climate for business.
The President made the announcement while speaking to delegates at the launch of the Ghana-UK Investment Summit 2026 in London on Monday, June 1.
Commenting on Ghana’s economic position, President Mahama pointed to what he termed key progress achieved under his government’s recovery and stabilization drive.
He said the rise in the nation’s foreign reserves has enhanced Ghana’s capacity to absorb external economic shocks while building a more reliable setting for companies and investors.
“Our international reserves have strengthened considerably, rising from approximately $8.9 billion to nearly $13.9 billion, providing stronger external buffers and exchange rate stability.
Interest rates are easing, the Ghanaian Cedi has stabilised and appreciated against major international currencies, and Ghana’s sovereign credit outlook has improved following recent upgrades by international rating agencies. “Most importantly, business confidence is returning.
These improvements are not abstract macroeconomic indicators; they translate into a more predictable investment environment, lower operating costs, and certainty, currency stability, and improved planning conditions for businesses and investors.”
The summit gathered state officials, investors, business leaders and policymakers from Ghana and the United Kingdom to discuss prospects for investment and economic partnership.
