One year into his second term, President John Dramani Mahama has presided over one of the most decisive economic and governance turnarounds in Ghana’s recent history. Inheriting an economy strained by high inflation, currency instability, rising debt, and weakened investor confidence, his administration’s Resetting, Rebuilding, and Renewing Agenda has translated leadership vision into measurable national progress.

Resetting the Economy

Inflation, which stood above 23 percent at the close of 2024, declined sharply to approximately 6 percent by late 2025, restoring purchasing power and stabilizing markets. Treasury bill rates dropped from over 30 percent to nearly 11 percent, significantly lowering borrowing costs and unlocking private sector credit. The Ghana cedi recorded one of its strongest annual performances in over a decade, while public debt ratios declined from about 61.8 percent to near 45 percent of GDP, reflecting improved fiscal discipline and macroeconomic credibility.

Rebuilding Institutions and Confidence

The 2025 Budget anchored fiscal consolidation through tax rationalization, debt management reforms, and strengthened expenditure controls. Ghana’s trade balance returned to surplus, foreign reserves improved, and international credit rating agencies upgraded the country’s outlook, signaling renewed investor confidence and institutional stability.

Renewing Human Capital and Social Development

Significant investments were made in education, youth skills development, healthcare, and agriculture. Expanded education support programmes, youth employment initiatives, and agricultural productivity reforms strengthened livelihoods while reinforcing social protection and food security.

Global Repositioning

On the international stage, Ghana re-emerged as a confident voice through the Accra Reset Initiative, advancing fair global economic governance and restoring strategic credibility as the country prepares a dignified exit from the IMF programme.

One year on, Ghana stands steadier, stronger, and forward-looking. President Mahama’s Resetting, Rebuilding, and Renewing agenda has laid a resilient foundation for inclusive growth, institutional trust, and long-term national prosperity.

OSAGYEFO Ernest De-Graft Egyir.
Founding CEO, Chief Executives Network Ghana.