Vice President, Professor Naana Jane Opoku-Agyemang has praised Ghana’s economic trajectory, asserting that the country’s macroeconomic environment has significantly improved under President John Dramani Mahama’s administration.
Speaking at the Africa Growth and Opportunity – Research in Action (AGORA) Conference in Palermo, Italy, Professor Opoku-Agyemang said Ghana’s recent progress reflects renewed investor confidence and a stronger foundation for job creation.
“Between January and September 2025, Ghana’s macroeconomic environment has stabilised significantly. By September, inflation had eased to 9.4% — marking the most favourable turnaround since 2021 — and the cedi had appreciated by over one-third against major trading currencies in early 2025,” she noted.
The Vice President cited reports confirming Ghana’s impressive rebound, pointing out that: “In May 2025, Bloomberg reported Ghana’s cedi as the best-performing currency in the world, following a dramatic turnaround from its 2022 status as one of the worst-performing.”
Cedi remains unchanged at GH¢10.90 to $1 on November 4
According to Prof. Opoku-Agyemang, these gains have real implications for citizens.
“These numbers are not just abstract. They mean more stable costs, rising investment, and dependable conditions in which jobs flourish,” she said.
However, she cautioned that economic stability is only the beginning.
“Stability alone is not enough,” she stressed, adding that the government is now shifting “from stabilisation to structural transformation, starting where Ghana’s heart beats strongest: agriculture.”
Her remarks align with assessments from several economic observers, including the International Monetary Fund (IMF), which has commended the Mahama administration for the sharp turnaround in Ghana’s economy since taking office.
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