President John Dramani Mahama speaking at the UN General Assembly
President John Dramani Mahama has said Ghana’s economy is currently rebounding under the government’s “Reset Agenda,” citing major improvements in stabilising the economy and restoring investor confidence.
Speaking at the 80th UN General Assembly on September 25, 2025, President Mahama highlighted a drop in inflation from 23.8% in December 2024 to 11.5% by August 2025.
He also noted that the cedi has appreciated recently against major global currencies.
“In just eight months, we have achieved a significant reduction in inflation — from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability for our citizens. Additionally, the Ghana cedi has appreciated considerably against other currencies,” he said.
According to financial data firm Bloomberg, the cedi was at one point the best-performing currency in the world this year, an achievement that underscores Ghana’s improved economic fundamentals.
President Mahama further reaffirmed his administration’s commitment to long-term structural reforms, including the ambitious 24-Hour Economy initiative.
The program, designed to promote round-the-clock productivity across sectors, is expected to generate jobs, boost industrial output, and significantly expand economic opportunities.
“Our improved sovereign credit rating reflects increasing investor confidence. Our 24-Hour Economy initiative promises to transform our economy. There is a renewed willingness among the people to trust that their elected officials have Ghana’s interests at heart and that we are progressing together,” he shared.
SP/AE
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