President John Mahama has observed that Ghana’s economy has returned to stability after emerging from one of the most difficult economic periods in its history, citing improvements in growth, inflation, debt sustainability and investor confidence.
Addressing a Diaspora Town Hall Meeting in London, the President said his administration inherited an economy whose International Monetary Fund (IMF) programme had gone “completely off track” but had taken difficult decisions to restore macroeconomic stability.
According to Mahama, the sacrifices made by Ghanaians and the fiscal discipline implemented by government have begun yielding results.
“When you are ill, sometimes you have to take bitter medicine before you get better,” he said.
“I’m happy to say that the sacrifices that Ghanaians made have paid off. Ghana is back again. Ghana is working again,” he added.
Earlier, Finance Minister Dr. Cassiel Ato Forson told participants that Ghana recorded GDP growth of six per cent in 2025, while non-oil GDP growth reached 7.6 per cent, the highest in 14 years.
He also disclosed that Ghana’s economy had surpassed the $100 billion mark for the first time, making it one of Africa’s largest economies.
The minister said inflation had declined significantly, borrowing costs had fallen, and Ghana’s debt profile had improved from unsustainable levels to a moderate risk of debt distress.
“Our debt-to-GDP has declined to 44 per cent ahead of target. Inflation has declined from 23.8 per cent in December 2024 to 3.4 per cent in April 2026,” he said.
Forson further reported that remittances from the diaspora exceeded $7 billion in 2025, underscoring the importance of Ghanaians abroad to national development.
President Mahama said Ghana’s recovery was now being recognised internationally.
“Ghana has become the poster boy for economic recovery across the world,” he said. “Anytime they go for the spring meetings of the World Bank and the IMF, everybody is pointing to Ghana and saying, ‘Go to Ghana and learn how they did it.’”
The President stressed that the gains must be protected through continued fiscal prudence and disciplined public financial management.
He assured investors and members of the diaspora that Ghana remains open for business and is creating a more predictable environment for investment.
“There’s a time when we must be proud to be Ghanaian, not only because our economy is doing well, but because we can see that we are making progress towards the country that our forebears dreamed us to become,” he stated.
The London town hall formed part of Mahama’s official visit to the United Kingdom, which includes the Ghana-UK Investment Summit and discussions with British government officials and investors.
