Government says sustaining the current macroeconomic stability will be a pillar of its economic recovery strategy.
President John Dramani Mahama highlights recent improvements; particularly the steady appreciation of the local currency – the cedi against the US dollar as evidence of economic reprieve.
He noted that these gains will continue to restore investor confidence and foster a more predictable economic outlook.
“Things are on the right track. Every one is happy because the economy has raised business confidence. Yes, so far so good. Still, the focus is on stabilising the economy, build confidence and bring back investments . I am cautiously optimistic but we are on track to keep the course”, he said at the 2025 Africa CEO Forum in Abidjan.
John Dramani Mahama argued that a stable macroeconomic framework is essential not only for attracting long-term investments but also boosting private sector growth and delivering inclusive development outcomes.
These comments come amid renewed optimism surrounding Ghana’s economic rebound and the government’s focus on fiscal discipline and investor commitment.
The President also made a strong case for renewed investment in Ghana’s oil and gas sector insisting that, the current economic recovery positions the country as a destination for both upstream and midstream opportunities.
He therefore called on investors to partner the government in scaling up oil and gas infrastructure for long-term growth.
“The oil and gas sector was toxic. I don’t know for what reasons but I think governments have not prioritised the sector. But I will lay a red carpet for anyone who wants to drill and pump in Ghana. So the investors should come”, he said.