President John Dramani Mahama has announced significant gains in Ghana’s economic performance, highlighting the strong appreciation of the cedi and broad-based growth across key sectors of the economy.
Presenting his 2026 State of the Nation Address to Parliament, President Mahama clarified that his government did not “arrest the dollar” as the NPP claimed in previous government but instead implemented policies that strengthened the local currency.
“Mr Speaker, we did not arrest the dollar. We strengthened the cedi to put up a good fight against other currencies,” he said.
According to the President, the Ghanaian cedi recorded substantial gains, appreciating by 40.7 percent against the US dollar, 30.9 percent against the British pound, and 24 percent against the euro. He described the development as evidence of the effectiveness of the government’s economic recovery strategy.
President Mahama noted that the country’s economic turnaround is not limited to one sector but reflects improvements across multiple areas of the economy during his administration’s first year in office.
He further disclosed that Ghana’s economic output has crossed a major milestone, with the country’s Gross Domestic Product surpassing GH¢100 billion for the first time. He added that the continued growth trajectory is expected to position Ghana among the top ten largest economies on the African continent.
The President said the progress achieved so far demonstrates the success of ongoing reforms and prudent economic management, expressing confidence that Ghana’s recovery will continue to accelerate in the coming years.
He reaffirmed his government’s commitment to sustaining the gains made and ensuring long-term economic stability and prosperity for the country.
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