President John Dramani Mahama has declared that his government’s “Economic Reset” agenda is firmly on track, with key indicators showing a turnaround in the national economy within the first 199 days of his administration.
Speaking at Dambai during his final thank you tour in the Oti region a day after Finance Minister presented the 2025 Mid-Year Budget Review to Parliament on his behalf, President Mahama said the government’s policies were restoring stability and confidence in the economy.
“This has probably been the most anticipated Mid-Year Budget Review in recent years,” the President noted.
“The response so far indicates that Ghanaians are generally satisfied with my government’s economic management over the past 199 days. I am pleased to report that our reset agenda for the national economy is on track”.
“The economy is showing signs of recovery and turning around.”
According to the President, Ghana’s public debt has dropped by more than Ghc113 billion, falling from 61.8% of GDP at the end of 2024 to 43.8% by June 2025.
Inflation has also seen a significant decline, from 23.8% in December 2024 to 13.7% by June 2025.
President Mahama highlighted that Ghana’s credit rating has improved from “junk status” to B- with a stable outlook, reflecting renewed investor confidence.
The Ghana cedi has also strengthened by more than 40% against major international currencies, reversing consecutive years of depreciation between 2022 and 2024.
“We are determined to exercise fiscal prudence to maintain a stable cedi,” the President said.
“The progress so far shows that our policies are working, but we remain committed to sustaining this momentum for the benefit of every Ghanaian.”
The President reiterated his administration’s commitment to responsible economic management, assuring citizens that government spending will remain disciplined while growth initiatives continue to stimulate jobs and investments.
