President John Dramani Mahama has announced that Ghana’s economy is stabilising and resuming growth, proclaiming to Parliament that ‘Ghana is back’ and ‘Ghana is working again’.
In his State of the Nation Address on February 27, 2026, President Mahama informed members of Parliament that despite the challenges we face, the government’s economic initiatives are starting to produce tangible outcomes.
“I was clear from the outset that recovery would not come easily, but I was also clear that I would stop at nothing to turn this situation around and bring relief to Ghanaians,” he said.
According to him, he had previously promised to reset the economy despite prevailing challenges.
“I promised then that just as I have confronted and overcome crises in the past, I would reset our economy and return us to a path of growth, progress and development,” he stated.
“Mr Speaker, I told this August House when I appeared before you last year that we would have to take tough, prudent and necessary decisions to restore stability and credibility. Today, I can say with confidence: Ghana is back. Ghana is working again. And Ghana is open for business.”
He went in, stating that the fundamentals are improving.
“The fundamentals are improving, and the path to sustained acceleration is very clear to everyone,” he said, adding that the government deliberately prioritised discipline and reform over waste and speculation.
“From the outset, we resolved to choose discipline over waste, reform over excuses, and stability over speculation,” he said.
He added, “As a responsible government, our first order of business was to halt the economic haemorrhage and restore order to our public finances,” he said, noting that his administration had tightened spending controls, improved reporting on government payables, and conducted a full audit of financial commitments made in 2024.
“These measures have begun to deliver some of the most remarkable economic outcomes in decades,” he added.
