Ghana has made a decisive economic turnaround under the leadership of President John Dramani Mahama, according to the Governor of the Bank of Ghana, Dr. Johnson Asiama.
Speaking at the launch of the 60th anniversary of the Ghana Cedi in Accra on Tuesday, October 28, Dr. Asiama highlighted that coordinated and difficult policy measures have yielded tangible results for the country.
Under the leadership of His Excellency John Dramani Mahama, and Her Excellency the Vice President, and through coordinated, difficult but necessary policy actions, I am happy to say that Ghana has turned a decisive corner and indeed the evidence is compelling,” he stated.
The Bank of Ghana Governor pointed to several key indicators of the country’s improved economic position. He noted that headline inflation, which has been a major concern in recent years, stood at 9.4 percent as of September 2025, with expectations that it will fall even further by the end of the year.
The national currency, the cedi, Dr. Asiama said, has also strengthened significantly, appreciating by 37 percent as of October 17.
The BoG Governor underscored that the cedi was also the best-performing currency in sub-Saharan Africa during the first eight months of 2025, according to the World Bank.
He further noted that Ghana’s gross international reserves currently stand at approximately $12 billion, providing a strong buffer against external economic shocks and restoring investor confidence in the country.
Headline inflation now at 9.4% as of September 2025 and we expect it to end the year even far lower. The cedi has appreciated by 37% as at October 17 and according to the World Bank it is the best performing currency in sub-Saharan Africa for the first eight months of 2025.
“Our gross international reserves are currently around $12 billion which is providing a robust cushion against external volatility and restoring our investor confidence.”
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