President John Dramani Mahama has reaffirmed his government’s dedication to stabilizing Ghana’s economy as a foundation for sustainable development.
Speaking at the Africa Business Forum 2025 on Monday, February 17, in Addis Ababa, Ethiopia, Mahama outlined strategic initiatives to tackle key economic challenges, including cedi depreciation, high inflation, soaring interest rates, and a growing debt burden.
The forum, organized by the United Nations Economic Commission for Africa, was themed: “Moving from Potential to Prosperity: Activating Africa’s Regional Value Chain.”
Mahama emphasized the necessity of identifying the root causes of Ghana’s economic crisis while implementing decisive measures, including a comprehensive debt management plan.
“In a crisis, the first thing you do is focus on stabilizing, and that is what we are committed to—bringing down interest rates and inflation, stabilizing the currency, and addressing the debt overhang. That is our immediate focus,” he stated.
He further stressed the importance of addressing underlying issues to prevent future crises.
“At the same time, we must analyze the factors that brought Ghana to this point and implement measures to prevent recurrence. This includes strengthening the Fiscal Responsibility Act and the Public Financial Management Act.
“We must eliminate waste and curb corruption. These are some of the critical issues that require urgent attention,” he assured.
