Accra, Ghana – May 20, 2025
President John Dramani Mahama has announced a series of encouraging economic indicators, signaling a positive shift in Ghana’s macroeconomic outlook.
He made the revelations today at the opening session of the Ghana-EU Business Forum held at the Kempinski Hotel in Accra.
According to the President, Ghana’s gross international reserves have seen a notable improvement, rising from $8.98 billion in December 2024 to $10.6 billion by the end of April 2025.
This development, he noted, reflects growing investor confidence and prudent economic management.
“Despite the global economic challenges, our economy is on a recovery path. The indicators are pointing in the right direction,” President Mahama stated.
He also revealed that GDP growth for 2024 stood at an impressive 5.7%, a testament to Ghana’s economic resilience and strategic policy implementation.
In another positive development, the Ghanaian cedi, which depreciated by 19.2% in 2024, has shown signs of stabilization, appreciating by 3.9% against the US dollar as of the end of April 2025.
President Mahama commended the European Union for its continued support and emphasized the importance of strengthening trade and investment relations between Ghana and the EU.
The Ghana-EU Business Forum brings together policymakers, investors, and business leaders from both sides to explore opportunities for enhanced economic collaboration.
