President John Mahama has said that his administration’s decisive interventions have stabilised the economy and improved the quality of life for Ghanaians.
Speaking at his media encounter on Wednesday, September 10, the President said his government’s “prudent and people-centred economic management plan” has led to the removal of nuisance taxes, stabilisation of the exchange rate, and a reduction in the cost of doing business.
“We’ve rescued our power sector and averted the ‘dumsor’ crisis, which was handed over to us. Inflation has dropped to a record four-year low, signaling renewed macroeconomic stability,” he said.
President Mahama highlighted progress in social services, noting the highest budget allocation to basic education in nearly five years. In healthcare, additional funds have been released to sustain the National Health Insurance Scheme (NHIS), while medical supplies are being delivered steadily nationwide. He also announced the establishment of the Ghana Medical Trust Fund to help citizens cover the cost of treating chronic illnesses. “Only yesterday, I approved the governing board of the Ghana Medical Trust Fund, which the Minister of Health will soon inaugurate,” he added.
On agriculture, he said the administration is focusing on youth-targeted interventions, irrigation expansion, and the revitalisation of the Land and Farm Bank project to ensure food security and boost export competitiveness.
He further highlighted the launch of the “1 Million Coders” initiative to prepare Ghanaian youth for opportunities in the global digital economy.
“These strides are not isolated. They are part of a deliberate national reset that is restoring hope, creating opportunity, and ushering in an era of shared prosperity for all,” President Mahama concluded.
