President John Mahama has unveiled an ambitious eight-pillar economic recovery strategy aimed at stabilising Ghana’s economy, restoring investor confidence, and driving long-term growth. At the 9th Ghana CEO Summit on 26 May 2025, in Accra, the Ghanaian head of state emphasised that the plan is designed to stabilise the macroeconomic environment, unlock capital flows, and re-establish Ghana as a regional hub for trade and investment.
In response to the challenges posed by macroeconomic instability, structural issues and high inflation (projected at 18.8% in 2025), President John Mahama has unveiled an ambitious eight-pillar economic recovery strategy for Ghana, Africa’s third-largest economy. At the 9th Ghana CEO Summit on 26 May 2025, in Accra, the head of state emphasised that the strategy is designed to stabilise the macroeconomic environment, restoring investor confidence, unlock capital flows, and re-establish Ghana as a regional hub for trade and investment
‘This reset will only succeed with the private sector. We’re restoring microeconomic stability, not as an end in itself, but as a platform for private investment. In that regard, we will ensure policy predictability to enable you to plan medium- and long-term projects. Access to credit and capital markets will not be restricted; we will borrow responsibly to ensure the rest of the credit is available for you to expand your businesses. We will consult with industry before implementing any major reforms.
John Dramani Mahama, President of the Republic – Ghana
With Ghana’s fiscal deficit at 4.9% in 2024 President Mahama also reaffirmed his commitment to fiscal responsibility, describing it as critical to Ghana’s efforts to exit the ongoing International Monetary Fund (IMF) programme by 2026.
“Ghana has what it takes to recover, not by repeating past mistakes, but by learning from them and innovating for the future. We expect to conclude the fourth review of the IMF programme in June 2025, with the aim of exiting at the end of the programme in 2026. Thereafter, we will participate in Article IV consultations and adopt the Policy Support Instrument framework, signalling Ghana’s return to responsible, non-borrowing engagement with the Fund”.
John Dramani Mahama, President of the Republic – Ghana
According to official figures, Ghana’s current account deficit is expected to reach 2.3% by 2025. President John Dramani Mahama has stressed that economic recovery and inclusive growth are central to his vision for the country’s future.
