President John Dramani Mahama has described Ghana’s economy as being “in take-off mode,” citing significant gains in economic performance and fiscal discipline.

Delivering the 2026 State of the Nation Address, the President urged citizens and stakeholders to “fasten their seatbelts” as the country continues its journey toward sustainable growth and prosperity.

“Our nation is on the runway. It is in take-off mode, and you are all advised to fasten your seatbelts. The journey continues. But the direction is set. And the hope is real,” he said, underscoring the government’s vision for economic transformation under the theme Building Prosperity, Restoring Hope.

Economic Progress

President Mahama highlighted that Ghana’s economy had achieved tangible progress, with Gross Domestic Product (GDP) projected to reach $113 billion in 2025, up from $83 billion at the end of 2024.

He noted that this growth positions Ghana among the top 10 largest economies in Africa, with average GDP growth for the first three quarters of 2025 reported at 6.1 per cent.

Fiscal Discipline

Beyond growth figures, the President emphasised fiscal discipline as central to consolidating economic gains.

He reported that Ghana’s primary surplus reached 2.6 per cent of GDP, surpassing the initial target of 1.5 per cent, while the fiscal deficit closed at 3.1 per cent, below the projected 3.8 per cent — reflecting prudent financial management.

“These achievements demonstrate our commitment to building a resilient economy capable of delivering real benefits to Ghanaians,” he said.

Key Priorities for 2026

President Mahama outlined key priorities for the coming year, including:

Stabilising inflation

Expanding industrialisation

Enhancing social protection

Mobilising domestic resources to sustain growth

He emphasised that continued discipline, policy consistency, and targeted reforms will ensure that economic growth translates into tangible improvements in living standards, job creation, and social well-being.