John Dramani Mahama in his inaugural speech on January 7, 2025, as President of Ghana, acknowledged the challenging global and domestic economic landscape as he assumes office. He highlighted significant global shifts, including economic power transitions and geopolitical tensions between BRICS and G7, which he believes will shape Ghana’s future.
Mahama pointed out the changing dynamics between global economic powers, noting the steady decline in the G7 nations’ share of global GDP and the rise of the BRICS nations (Brazil, Russia, India, China, South Africa, and others).
He explained that these shifts demand a recalibration of Ghana’s economic and trade policies to align with emerging opportunities and threats.
“The world in which Ghana exists today as I begin this presidency is not the same world in which we have lived under other presidencies,” Mahama stated, emphasizing the complexity of navigating global alliances amidst tensions and conflicts.
He also addressed technological advancements, particularly artificial intelligence, which he described as offering new opportunities but also posing risks, such as misinformation and algorithm manipulation. Moreover, he underscored the need for Ghana to strengthen its technological framework to adapt to these changes while safeguarding its national and economic interests.
In addition to these global shifts, climate change featured prominently in his address, with Mahama warning of its economic and social implications, including urban overcrowding, public health risks, and the threat of global pandemics.
He pledged to strengthen Ghana’s public health infrastructure to minimize the impact of future health crises. Furthermore, he emphasized that addressing climate-related challenges would require a concerted effort across all sectors.
He also called for closer ties with Ghana’s neighbors, stressing the importance of regional collaboration for trade, security, and shared prosperity. Mahama highlighted Ghana’s interconnectedness with neighboring countries and explained that solidarity within the subregion is critical for overcoming common challenges.
Mahama outlined his vision for a reformed Ghana that leverages global shifts, builds resilience, and ensures inclusive growth. He urged unity and collective action, stating that Ghana’s ability to navigate these challenges would determine its path toward long-term stability and development.
