“We Are Surprised at Ghana’s Economic Turnaround”: President Mahama Says
- President John Mahama stated that he is amazed by the recovery pace of Ghana's economy, considering what he was left with
- The president said this at the First Sky Group’s Thanksgiving Service held in the Northern Region on Sunday, January 25, 2026
- He attributed the economic turnaround to the grace of God and the hard work put in by the government to revive the economy
President John Dramani Mahama admitted that he is amazed at the pace of Ghana's economic recovery since he took office on January 7, 2025.
He described the economic turnaround as faster than he had expected, considering the challenges inherited from the Nana Akufo-Addo government.
Source: Facebook
President Mahama was speaking at the First Sky Group’s Thanksgiving Service held in the Northern Region on Sunday, January 25, 2026.
He said the magnitude and speed of the economic recovery had exceeded expectations and drawn admiration from international financial institutions like the International Monetary Fund (IMF) and the World Bank.
President Mahama explained that the economic situation his government inherited was so dire that he initially thought it would take at least two years to begin seeing tangible improvements.
However, he mentioned that some of the key economic indicators that have improved the situation include the inflation rate, the drop in inflation, and the strong performance of the cedi against other currencies.
President John Mahama attributed the gains not only to policy decisions but also to discipline and the grace of God.
“I have been at this job before. The crisis that faced us was very difficult. In my own estimation, I thought we would need about two years to see an economic turnaround. But Ebenezer, this is how far God has brought us."
“We are all surprised at the quick turnaround. Any time I meet the IMF officials and the World Bank officials, they can’t even believe what has happened in Ghana."
Read also
Woman shares struggles of turning 40 and still being unmarried, “life didn’t go as planned”
“So, Ghana has now become a Poster boy of the IMF and the World Bank. It is only the grace of God. To bring inflation from 23.8% to 5.4% in one year? I mean, how did we manage that? For the first time to see the Ghanaian Cedi appreciate by 37% in one year, it is only God,” he said.
Source: Facebook
Finance Minister praises Ghana's steady economy
Meanwhile, the Finance Minister, Dr Cassiel Ato Forson, claimed Ghana’s economy was recovering strongly under his leadership.
The minister said this when he announced the scrapping of the COVID-19 levy, returning GH¢3.7 billion to individuals and businesses.
He also announced eight interchanges to be built under the Accra-Kumasi Expressway to ease congestion and improve connectivity.
Government to create 1.7 million jobs
Earlier, YEN.com.gh reported that the President Mahama government had announced plans to create 1.7 million jobs under his flagship policy.
Abdul-Nasser Suglo Alidu, Head of Strategy and Programmes at the 24-Hour Economy Secretariat, gave further details about the ideas.
The policy would focus on optimising productivity across sectors and time zones, with flexible shift systems and sector-specific models.
Proofreading by Bruce Douglas, copy editor at YEN.com.gh.
Source: YEN.com.gh
