Ghana's economy stabilising, open for big business again - Mahama to business leaders
President John Dramani Mahama declared that Ghana's economy is steadily rebounding, pointing to sharp improvements in key macroeconomic indicators as evidence of recovery and renewed stability. Addressing a delegation from CEO Network Ghana on Friday, April 24, at the Jubilee House, President Mahama stated, "Earlier this year I reiterated that Ghana is back working again and open for business and today I speak not in promise but in clear evidence of recovery and stabilization."
President Mahama cited that inflation has declined significantly to 3.2% as of March 2026 from 23.4% in March 2024. Interest rates are hovering around 16%, while the Bank of Ghana reference rate stands at 10%. He expressed optimism that Ghana is in pole position to be declared free of debt distress in the next one month or so. He also announced plans to strengthen the Ghana Exim Bank to expand financing for export-oriented businesses.
President Mahama reiterated the importance of the government's 24-hour economy policy, describing it as a catalyst for increased productivity and job creation across sectors such as manufacturing, agro-processing, pharmaceuticals, and logistics. He urged CEOs to explore opportunities within the framework. He also called for sustained engagement between policymakers and the private sector to ensure responsive and effective economic governance.
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President Mahama addressed CEO Network Ghana about the country's economic agenda. He highlighted the importance of government-industry collaboration- but what steps are being taken to ensure economic governance?
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