Ghana’s President, John Dramani Mahama, has hinted that the improved performance of the Cedi is due to robust foreign exchange inflows and deliberate policy measures put in place by his administration aimed at stabilising the economy.
He said the policy measures are also supported by strengthened gross international reserves, which have surged from $8.9 billion in December 2024 to $10.6 billion by the end of April 2025.
He says the upward trend reflects growing investor confidence and enhanced external financial buffers.
Addressing participants at the opening session of the Ghana–European Union (EU) Business Forum held today, Tuesday, May 20, 2025, in Accra, President Mahama reiterated his administration’s determination to meet its annual economic growth targets.
“Fiscal consolidation is underway, we have reduced the fiscal deficit on commitment basis, from 7.5% of Gross Domestic Product (GDP) in 2024 to 6.4% in the first half of 2025, and we are on track to meet our 2025 end year of 3.1% through expenditure rationalisation, improve domestic revenue mobilization and strong anti-corruption measures.
These figures, though early in the year, are clear signs of discipline and inclusive economic recovery. Our trade with the European Union remains robust and neutrally beneficial,” President Mahama opined.
He has therefore assured both local and international investors of his administration’s commitment to fostering a secure and enabling environment for investment as they continue to build on the current positive economic outlook.
“I assure all potential investors that under this administration, Ghana is committed to transparent Governance, policy predictability, and a reformed business environment. We are restoring confidence in our public procurement systems, enforcing contract sanctity and protecting investor rights under both domestic and international legal regimes,” he added.
The forum, held under the theme “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy,” brought together key stakeholders from both Ghana and the European Union.
