Nat’l Tymes News Desk
PRESIDENT John Dramani Mahama has assured international investors that Ghana is firmly on the path to economic recovery, stability, and sustainable growth, following a series of reforms aimed at rebuilding confidence in the country’s economy.
Speaking at the Ghana–UK Investment Summit in London, President Mahama outlined his government’s economic transformation agenda and highlighted key achievements made since returning to office.
According to him, Ghana inherited significant economic challenges, including high inflation, fiscal pressures, and declining investor confidence. However, he noted that prudent economic management and coordinated reforms have helped restore stability and improve the country’s economic outlook.
The President disclosed that inflation, which stood at 23.8 percent in December 2024, had dropped sharply to 3.4 percent by April 2026. He also revealed that Ghana’s international reserves have increased to nearly US$13.9 billion, strengthening the country’s ability to withstand external economic shocks.
President Mahama further announced that Ghana recorded an economic growth rate of about 6 percent in 2025, with the country’s Gross Domestic Product (GDP) now exceeding US$114 billion, making Ghana the eighth-largest economy in Africa.
He said the government remains focused on transforming Ghana into a productive, export-driven and industrialised economy capable of creating jobs and improving living standards.
Among the key initiatives driving this transformation, he mentioned the 24-Hour Economy Policy, the Feed Ghana Programme, the US$10 billion Big Push Infrastructure Programme, and the implementation of a National Artificial Intelligence Strategy aimed at positioning Ghana as a leader in digital innovation.
President Mahama also highlighted major investments in the energy sector, including a landmark US$2 billion upstream gas agreement involving energy company Tullow Oil and its partners.
Also, he announced plans to establish a new national airline to boost trade, tourism, and exports while improving Ghana’s connectivity with the rest of the world.
Addressing investors at the summit, the President stressed that Ghana’s greatest asset remains its people.
“Our greatest competitive advantage is our people,” he stated, describing Ghanaians as youthful, innovative, entrepreneurial, and committed to democratic governance.
He expressed confidence that with the right investments and partnerships, Ghana is well-positioned to become one of Africa’s leading destinations for business and investment.
The Ghana–UK Investment Summit brought together government officials, business leaders, and investors to explore opportunities for increased trade, investment, and economic cooperation between Ghana and the United Kingdom.
Source: Nationaltymes.com
