President John Dramani Mahama has disclosed that the Ghana cedi has appreciated significantly, reflecting growing stability and renewed confidence in the country’s economy.
Speaking at the United Nations General Assembly on Thursday, September 25, he highlighted Ghana’s economic progress and the remarkable appreciation of the cedi under his administration.
Reflecting on the state of Ghana’s economy at the start of his second term, he highlighted the challenges his administration faced and the measures taken to restore stability.
“In January, I was sworn in for a second term, which, I should add, is non-consecutive with the first. Our currency, the Ghana cedi, was rapidly depreciating. Faced with rising inflation, a huge debt burden, and low morale amongst our citizens, my new administration quickly embarked on an ambitious programme of comprehensive transformation designed to restructure Ghana’s economic foundation and enhance our competitive standing globally. We refer to this process of recalibration as our reset agenda,” he said.
Highlighting the results of his administration’s economic reforms, President Mahama noted the rapid improvements in inflation and currency stability:
“In just eight months, we have achieved a significant reduction in inflation, from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability for our citizens. Additionally, the Ghana cedi has appreciated considerably against other currencies, with Bloomberg reporting it as the best-performing currency in the world at one point,” he added.
He further pointed to the broader economic gains and growing investor confidence resulting from his government’s initiatives:
“Our improved sovereign credit rating reflects increasing investor confidence. Our 24-Hour Economy Initiative promises to transform our economy. There is a renewed willingness among the people to trust that their elected officials have Ghana’s interests at heart and that we are progressing together.”
Calling for reforms at the global level, President Mahama urged the United Nations to undertake a comprehensive review of its own systems and strategies.
“Madam President, I believe that, in honour of this milestone celebration, the United Nations should also embark on a process of serious recalibration and establish its own reset agenda,” he concluded.
Credit: Kareen Tei
