President John Dramani Mahama has reassured Ghanaians that the nation is making steady progress in overcoming the economic and social challenges it faced a year ago, declaring that Ghana is “rising again” following a year of reforms and careful governance. Delivering his New Year’s address on January 1, 2026, President Mahama recalled that his administration inherited a country in crisis—marked by economic hardship, high unemployment, deteriorating infrastructure, diminished public confidence, and waning hope.
He acknowledged that while some believed recovery would take a generation, his government placed its faith in the resilience of the Ghanaian people and committed to reversing the nation’s decline. The President highlighted notable achievements over the past year, such as a dramatic drop in inflation from over 23 percent at the end of 2024 to an anticipated single-digit rate of about 5 percent by the close of 2025.
He noted that the country has achieved relative currency stability and is on course to be ranked among the world’s best-performing currencies in 2025. President Mahama also said economic growth is picking up, creating new opportunities for young people and restoring confidence in the business environment.
The President pointed to a rise in both domestic and foreign direct investment as a sign of renewed confidence in Ghana’s economy, noting that the country has restored its credibility with international partners. He stated that the government has successfully restructured the nation’s debt in a way that protects national sovereignty and promotes long-term stability.
President Mahama also announced that Ghana has started the process of exiting the International Monetary Fund programme, emphasising that this is being done with dignity and in partnership, rather than dependence. He encouraged Ghanaians to stay hopeful and united as the country continues its journey toward recovery and growth in the year ahead.
Source: Abigail Arthur
