President John Mahama has cautioned that recent macroeconomic stability must not be mistaken for structural economic transformation.<\/p>\n
He warned that Ghana risks stagnation unless deeper industrial reforms are pursued.<\/p>\n
Speaking at the Presidential Dialogue with the Private Sector at the Kempinski Hotel Gold Coast City Accra on February 23, 2026, President Mahama acknowledged signs of recovery following a period of severe economic turbulence.<\/p>\n
\u201cWe\u2019re beginning to see positive signals, relative stabilisation of the currency, improved investor sentiment, strengthened business confidence, and new private capital investments in manufacturing and processing,\u201d he said.<\/p>\n
He attributed the improvements to fiscal consolidation, VAT rationalisation, and the removal of distortionary levies aimed at restoring macroeconomic credibility.<\/p>\n
However, he stressed that stabilisation alone does not deliver the structural shift needed to build a resilient and competitive economy.<\/p>\n
\u201cBut let me be clear, stabilisation is not equal to transformation,\u201d the President declared.<\/p>\n
He emphasised that Ghana\u2019s long-term prosperity depends on fundamental changes in industrial productivity, job creation, and export competitiveness\u2014not merely macroeconomic calm.<\/p>\n
President Mahama said the dialogue forms part of his pledge to institutionalise annual engagement with the private sector to jointly resolve constraints to business growth.<\/p>\n
\u201cThe government cannot achieve transformation alone, and equally, the private sector cannot thrive without a government that listens, reforms, and creates an enabling environment,\u201d he said.<\/p>\n
The President described the engagement as a critical step toward resetting the partnership between government and industry to accelerate Ghana\u2019s economic transformation.<\/p>\n
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"President John Mahama has cautioned that recent macroeconomic stability must not be mistaken for structural economic transformation. He…\n","protected":false},"author":2,"featured_media":487327,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-487326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/487326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=487326"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/487326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/487327"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=487326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=487326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=487326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}