President John Dramani Mahama has declared that Ghana’s economy is now regarded as one of the best-performing on the African continent, citing improvements in key economic indicators and the country’s resilience amid global challenges.
Speaking at the National Day of Prayer and Thanksgiving after joining Muslims at the National Mosque for prayers, the President said Ghana had made significant progress over the past year through prudent economic management, discipline and the resilience of its people.
“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.
According to President Mahama, Ghana’s economic recovery has earned recognition across Africa despite uncertainties in the global economy, including the ongoing conflict 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 acknowledged that measures introduced to stabilise the economy were difficult and often unpopular but said they were necessary to restore confidence and put the country back on a path of growth.
“The decisions required to restore the economy were neither easy nor popular. They demanded sacrifice, discipline and patience,” he said.
He attributed the country’s progress to divine grace, sound economic management and the determination 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 highlighted a number of gains achieved so far, including declining inflation, a more stable cedi, reduced debt levels, stronger international reserves and growing investor confidence.
“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 stressed that the improvements should not be viewed as an end in themselves but as a foundation for creating jobs, expanding opportunities and improving living standards.
“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 brought together religious leaders, government officials and citizens to offer prayers for peace, unity and national development.
