Ghana has achieved a significant economic recovery under the stewardship of President John Dramani Mahama, according to the Governor of the Bank of Ghana, Dr. Johnson Asiama.
Delivering remarks at the commemoration of the 60th anniversary of the Ghana Cedi in Accra on Tuesday, October 28, Dr. Asiama emphasized that deliberate and challenging policy interventions have produced concrete gains for the nation.
“Under the leadership of His Excellency John Dramani Mahama, and Her Excellency the Vice President, and through coordinated, difficult but necessary policy actions, I am happy to say that Ghana has turned a decisive corner and indeed the evidence is compelling,” he declared.
The central bank governor highlighted several critical indicators reflecting the country’s strengthened economic standing. He observed that headline inflation, which had been a persistent challenge in recent years, was recorded at 9.4 percent in September 2025, with projections suggesting it will decline further before the year concludes.
Dr. Asiama further indicated that the national currency, the cedi, had gained remarkable strength, appreciating by 37 percent as of October 17.
He stressed that, according to the World Bank, the cedi was also the top-performing currency in sub-Saharan Africa during the first eight months of 2025.
Additionally, he revealed that Ghana’s gross international reserves currently amount to about $12 billion, offering a solid safeguard against global economic uncertainties and bolstering investor trust in the economy.
“Headline inflation now at 9.4% as of September 2025 and we expect it to end the year even far lower. The cedi has appreciated by 37% as at October 17 and according to the World Bank it is the best performing currency in sub-Saharan Africa for the first eight months of 2025.
“Our gross international reserves are currently around $12 billion which is providing a robust cushion against external volatility and restoring our investor confidence.”
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