The government has set an ambitious target to bring Ghana’s inflation rate down to single digits by mid-2026. President John Dramani Mahama made this announcement at the Ghana-EU Business Forum held at the Kempinski Hotel in Accra, emphasizing that this goal aligns with ongoing efforts to stabilize the economy.
According to President Mahama, achieving single-digit inflation will be underpinned by a combination of exchange rate stability and tighter monetary policy measures. These efforts are part of the administration’s broader strategy to ensure long-term economic growth and resilience.
Highlighting Ghana’s economic progress, the President revealed that the country’s Gross International Reserves have seen a significant increase—from $8.9 billion in December 2024 to $10.6 billion as of April 2025. This marks an improvement equivalent to five months of import cover, underscoring the government’s commitment to prudent economic management.
President Mahama expressed optimism about the current trajectory, noting that early signs of disciplined fiscal management and inclusive economic policies are fostering a positive economic outlook.
“We remain steadfast in our commitment to transparent governance and creating a reformed, business-friendly environment,” the President assured participants at the forum. He emphasized that the government is implementing strict measures to uphold the sanctity of contracts and safeguard investor rights, reinforcing Ghana’s appeal as a secure and lucrative destination for investment.
The Ghana-EU Business Forum brought together stakeholders from various sectors, aimed at fostering deeper economic ties and partnerships between Ghana and the European Union. The President’s address reiterated his administration’s dedication to sustainable economic recovery and strengthening investor confidence.
Story by: Mercy Addai Turkson #ahotoronline.com
