President John Dramani Mahama has used Ghana’s economic achievement in 9 months to illustrate Africa’s resilience, declaring that the continent can “make a strong comeback just when you think it’s safe to discount us.”
The President made this call at the ongoing 80th United Nations General Assembly in New York when he mounted the stage to address the global leaders.
“Maybe you’re unaware of the resilience of African nations or their remarkable ability to make a strong comeback, just when you think it’s safe to discount them. That’s what is happening right now in Ghana,” he noted.
Speaking with renewed confidence, the President emphasized his administration’s “reset agenda,” launched in January after he was sworn in for a second non-consecutive term.
The agenda, he explained, was designed to restructure Ghana’s economic foundation, curb runaway inflation, stabilize the currency, and restore public confidence.
The results, President Mahama says, have been striking. He enumerated that within less than nine months, inflation, which stood at 23.8% in December 2024, dropped to 11.5% by August 2025.
The Ghana cedi, once in freefall, has strengthened dramatically so much so that Bloomberg named it the best-performing currency in the world at one point this year.
He further emphasized a significant upgrade in Ghana’s sovereign credit rating, a sign, he said, of renewed investor confidence.
“In January, I was sworn in for a second term, which, I should add, is non-consecutive with the first. Our currency, the Ghana cedi, was rapidly depreciating. Faced with rising inflation, a huge debt burden, and low morale amongst our citizens, my new administration quickly embarked on an ambitious programme of comprehensive transformation designed to restructure Ghana’s economic foundation and enhance our competitive standing globally,” he remarked.
He added, “We refer to this process of recalibration as our reset agenda. In just eight months, we have achieved a significant reduction in inflation, from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability for our citizens. Additionally, the Ghana cedi has appreciated considerably against other currencies, with Bloomberg reporting it as the best-performing currency in the world at one point. Our improved sovereign credit rating reflects increasing investor confidence. Our 24-Hour Economy Initiative promises to transform our economy.”
The President suggested that the reset agenda has restored hope. “There is a renewed willingness among the people to trust that their elected officials have Ghana’s interests at heart and that we are progressing together,” Mahama declared, portraying Ghana as an emblem of Africa’s capacity for recovery.
For a continent often branded fragile and debt-ridden, Ghana’s rebound, President Mahama insists is a powerful signal. It shows Africa is neither defeated nor stagnant, it is resilient, adaptive, and ready to rise on the global stage.
