President Mahama has assured Ghanaians that the government’s prudent economic management is yielding tangible results, with inflation dropping to its lowest in nearly four years and the cost of living easing across households.
Speaking at his first major media encounter since assuming office eight months ago, the President said inflation had reduced sharply from 23.8% in December 2024 to 11.5% in July 2025. “For the first time in years, brands and businesses are actively advertising their price reductions, a sign that recovery is not only real but tangible,” he noted.
He also announced that Ghana’s credit rating had been upgraded by S&P Global Ratings from junk status to B- with a stable outlook, signaling renewed investor confidence.
The President highlighted key interventions, including the launch of the 24-Hour Economy initiative, the Adwumawura and Apprenticeship programmes, as well as the One Million Coders project, as bold measures to expand employment and modernize Ghana’s economy.
“Our economic management goes beyond statistics. It is about making the Ghanaian household feel the relief in their pockets,” he stressed.
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