The Cedi has stabilised - Mahama At Ghana-UK Investment Summit

President John Dramani Mahama has touted Ghana's economic recovery at the Ghana-UK Investment summit in London on Monday, June 1.

President Mahama said that through disciplined economic management, institutional reforms, fiscal consolidation, and enhanced coordination between monetary and fiscal authorities, we have restored stability and renewed confidence in the Ghanaian economy.

The president further stated that inflation has declined significantly from 23.8 per cent in December 2024 to 3.4 per cent as of April 2026.

"Our international reserves have strengthened considerably, rising from approximately US$8.9 billion to nearly US$13.8 billion, providing stronger external buffers and exchange rate stability. Interest rates are easing.

"The Ghana cedi has stabilised and appreciated against major international currencies. Ghana’s sovereign credit outlook has improved following recent upgrades by international ratings agencies," he said.

Most importantly, he added, confidence is returning.

"These improvements are not abstract macroeconomic indicators. They translate into a more predictable investment environment, lower operating uncertainty, greater currency stability, and improved planning conditions for businesses and investors," he said.

Mr Mahama further stated that Ghana’s economy expanded by approximately 6 per cent in 2025, and our GDP has now crossed US$114 billion, making Ghana one of Africa’s leading economies and among the most attractive destinations for long-term investment in West Africa.

"Our vision is clear. We are building a productive, export-oriented, industrialised and technology-driven economy that creates opportunities for our people and competitive returns for investors," he said.