{"id":433320,"date":"2026-01-26T01:12:08","date_gmt":"2026-01-26T01:12:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/433320\/"},"modified":"2026-01-26T01:12:08","modified_gmt":"2026-01-26T01:12:08","slug":"president-mahama-speaks-on-ghanas-unprecedented-economic-recovery","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/433320\/","title":{"rendered":"President Mahama speaks on Ghana’s unprecedented economic recovery"},"content":{"rendered":"

\"President <\/a>President John Dramani Mahama<\/p>\n

President John Dramani Mahama<\/a> has expressed surprise at Ghana\u2019s rapid economic recovery, describing it as faster than anticipated.<\/p>\n

He recalled that upon assuming office, the economic challenges confronting the country were so severe that he expected it would take at least two years before significant improvements could be recorded.<\/p>\n

\u201cWhen we came into office, the situation was very difficult. I believed it would take about two years to begin seeing a turnaround, but the progress has come much faster than expected,\u201d he said.<\/p>\n

Speaking at the First Sky Group\u2019s Thanksgiving Service held at the AICC on Sunday, January 25, 2026, President Mahama noted that the scale and speed of the recovery have exceeded expectations, drawing admiration from the International Monetary Fund<\/a> (IMF) and the World Bank.<\/p>\n

IMF Africa Director hails Ghana’s gains in power access, living standards<\/a><\/p>\n

He said officials from both institutions now cite Ghana as an example for other African countries undergoing economic reforms.<\/p>\n

\u201cAnytime I meet IMF and World Bank officials, they themselves cannot believe what has happened in Ghana. Ghana has now become the poster boy of the IMF and the World Bank. When they go to other African countries, they say, \u2018Don\u2019t you see Ghana? Look at what Ghana has done,\u2019\u201d he said.<\/p>\n

President Mahama attributed the gains largely to divine grace, pointing to key indicators such as inflation, which he said declined sharply from 23.8 percent to 5.4 percent within a year.<\/p>\n

He also emphasised the cedi\u2019s strong performance, noting that the currency appreciated by about 37 percent over the same period.<\/p>\n

\u201cFor the first time, our long-suffering Ghanaian currency, the cedi, which has been taking a beating over the years, has appreciated by 37 percent in one year. Dollars have been arrested, they\u2019ve broken jail and all that. For the first time, the Ghanaian cedi has appreciated. It\u2019s only God,\u201d he added.<\/p>\n

\u201cIn my own imagination, I thought it would take about two years to see an economic turnaround. Today, IMF officials themselves are surprised by Ghana\u2019s progress,\u201d \u2014 President @JDMahama<\/a>, citing the drop in inflation from 23.8% to 5.4% in one year, describing Ghana as a poster boy\u2026 pic.twitter.com\/tscnaRRw6H<\/a><\/p>\n

\u2014 CITI FM 97.3 (@Citi973) January 25, 2026<\/a> <\/p>\n

SP\/MA<\/p>\n

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