President John Dramani Mahama says Ghana’s economy is regaining its footing, pointing to a sharply stronger cedi and growth across major sectors as proof that the recovery is taking hold.
Delivering his 2026 State of the Nation Address to Parliament, the President took a swipe at claims made under the previous NPP administration that they had “arrested the dollar.” His government, he said, chose a different path.
“Mr Speaker, we did not arrest the dollar. We strengthened the cedi to put up a good fight against other currencies,” he remarked.
The numbers, he argued, speak for themselves. The cedi appreciated by 40.7 percent against the US dollar, 30.9 percent against the British pound, and 24 percent against the euro, a turnaround he described as clear evidence that the government’s recovery plan is working.
But, according to President Mahama, the improvement goes beyond the exchange rate. He said the rebound has been broad-based, with gains recorded across several sectors in his administration’s first year back in office.
He also announced that Ghana’s Gross Domestic Product has crossed a major threshold, surpassing GH¢100 billion for the first time. If the current pace is sustained, he added, Ghana could soon rank among the ten largest economies in Africa.
For the President, the progress so far reflects tough reforms and disciplined economic management. And while he acknowledged there is more work to do, he expressed confidence that the recovery will gather even more momentum in the years ahead.
He pledged that his government will stay the course, protecting the gains made and pushing for long-term stability and shared prosperity.