President John Dramani Mahama has declared that Ghana’s economy is regaining stability and momentum, telling Parliament that “Ghana is back” and “Ghana is working again.”
Speaking at the 2026 State of the Nation Address (SONA) on Friday, February 27, the President acknowledged that the recovery journey had not been easy but stressed that the government’s economic interventions are beginning to produce visible results. Mahama Campaign Merchandise
“I was clear from the outset that recovery would not come easily, but I was also clear that I would stop at nothing to turn this situation around and bring relief to Ghanaians,” he said.
The President recalled his earlier pledge to reset the economy despite the prevailing headwinds.
“I promised that just as I have confronted and overcome crises in the past, I would reset our economy and return us to a path of growth, progress and development,” he noted.
He emphasised that difficult but necessary measures were required to restore credibility and macroeconomic stability. Presidential History Books
“Mr Speaker, I told this August House that we would have to take tough, prudent and necessary decisions. Today, I can say with confidence: Ghana is back. Ghana is working again. And Ghana is open for business,” he declared.
According to the President, major economic indicators are beginning to trend positively.
“The fundamentals are improving, and the path to sustained acceleration is very clear,” he said, adding that his administration intentionally chose fiscal discipline and reform over short-term political expediency.
“From the outset, we resolved to choose discipline over waste, reform over excuses, and stability over speculation,” he stated.
He explained that restoring order to public finances was the government’s immediate priority upon assuming office. Measures taken included tightening expenditure controls, enhancing transparency in reporting government payables, and conducting a comprehensive audit of financial commitments made in 2024.
“These measures have begun to deliver some of the most remarkable economic outcomes in decades,” he told lawmakers.
As Ghana approaches its 69th Independence Anniversary, President Mahama said the country has renewed grounds for optimism.
“We approach this celebration not only with pride in our past but also with renewed hope for our future. We are building prosperity through sound policy, responsible governance, and inclusive growth,” he said.
He concluded with a note of confidence: “Our Resetting Ghana agenda is working. Our nation is on the runway; it is in takeoff mode. And you are all advised to fasten your seat belts.”
The address reinforces the administration’s commitment to fiscal consolidation, structural reforms and rebuilding trust in Ghana’s economic and institutional systems.
