President John Mahama has credited the recent recovery of the Ghanaian cedi to strong foreign exchange inflows and targeted policy interventions designed to stabilise the economy.
Speaking at the opening of the Ghana–EU Business Forum in Accra on Tuesday, May 20, President Mahama reaffirmed the government’s commitment to achieving its economic growth targets for the year.
“Fiscal consolidation is in progress. We’ve reduced the fiscal deficit on a commitment basis from 7.5% of GDP in 2024 to 6.4% in the first half of 2025, and we are on course to reach our end-of-year target of 3.1% through prudent spending, enhanced domestic revenue mobilisation, and strong anti-corruption efforts.
“These numbers, though still early, reflect signs of fiscal discipline and a broad-based economic recovery. Our trade relations with the European Union remain strong and mutually beneficial,” he said.
President Mahama also assured both local and foreign investors of his government’s resolve to create a secure and investor-friendly climate.
“I want to assure all prospective investors that under this administration, Ghana is committed to transparent governance, policy consistency, and a reformed business climate. We are rebuilding trust in our public procurement systems, upholding the sanctity of contracts, and safeguarding investor rights under both domestic and international law,” he added.
The forum, themed “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy”, brought together key players from Ghana and the European Union.
