Mahama Expresses Shock at Speed of Ghana’s Economic Turnaround

President John Dramani Mahama has expressed astonishment at the rapid pace with which Ghana’s economy has rebounded, crediting divine intervention and prudent management for the remarkable progress.

Mahama Expresses Shock at Speed of Ghana’s Economic Turnaround
Mahama Expresses Shock at Speed of Ghana’s Economic Turnaround

President John Dramani Mahama has expressed astonishment at the rapid pace with which Ghana’s economy has rebounded, crediting divine intervention and prudent management for the remarkable progress.

Ghana’s economic turnaround has shocked all of us, I thought we would need about two years — Mahama

Speaking at the First Sky Group Thanksgiving Service in Accra, Mahama revealed that he initially anticipated a two-year recovery period. However, within just one year, Ghana recorded significant improvements across key economic indicators:

Inflation dropped sharply from 23.8% to 5.4%.

The Ghanaian cedi appreciated by 37%, reversing years of depreciation.

The country’s primary balance exceeded International Monetary Fund (IMF) projections by 2%, signaling stronger fiscal discipline.

Mahama noted that even officials from the IMF were surprised by the speed of the turnaround, describing Ghana as a “poster boy” for economic recovery in Africa. He attributed this success to the “grace of God,” emphasizing that gratitude and acknowledgment of divine blessings would pave the way for further prosperity.

Mahama expresses shock at speed with which gov't has turned around economy

The president’s remarks highlight both the economic resilience of Ghana and the political messaging around its recovery. By framing the turnaround as extraordinary, Mahama reinforced the narrative of Ghana’s ability to overcome challenges and set a benchmark for other African economies.