President John Dramani Mahama has assured Ghanaians that the country is steadily recovering from the economic and social difficulties experienced a year ago, declaring that Ghana is firmly back on the path of growth and stability.

In his New Year’s address to the nation on January 1, 2026, President Mahama said his administration assumed office at a time when the country was facing deep challenges, including economic fragility, high unemployment, weakened infrastructure, declining public confidence and widespread despair.

He noted that despite predictions by some observers that recovery would take decades, his government believed in the resilience of the Ghanaian people and acted decisively to stabilise the situation and reverse the downturn.

According to the President, the past 12 months have recorded notable gains, with inflation falling sharply from over 23 percent at the end of 2024 to a projected single-digit rate of about five percent by the end of 2025.

He added that the cedi has stabilised significantly, ranking Ghana among the best-performing currencies globally in 2025.

President Mahama said economic growth is gathering pace, creating new employment opportunities—particularly for the youth—and restoring confidence within the business community.

He pointed to increased domestic and foreign direct investment as evidence of renewed investor confidence and Ghana’s restored credibility among international partners.

The President also revealed that his government has successfully renegotiated Ghana’s debt obligations in a way that protects national sovereignty while ensuring long-term debt sustainability.

In addition, he announced that the country has begun the process of exiting the International Monetary Fund programme, emphasising that Ghana is doing so with dignity and as an equal partner, not as a dependent.

President Mahama called on Ghanaians to remain united and optimistic as the nation continues its recovery and pursues sustained growth in the year ahead.