President John Dramani Mahama
President John Dramani Mahama has urged businesses to reflect the recent appreciation of the cedi in their pricing structures, calling for broader private sector support to ease cost pressures on consumers amid signs of macroeconomic stability.
Speaking at the 9th Ghana CEO Summit on Monday, May 26, 2025, President Mahama reiterated his government’s commitment to fiscal prudence, describing price adjustments as a necessary complement to efforts aimed at consolidating economic recovery.
“I commend all businesses that have acted in good faith by lowering prices in line with the cedi’s performance. This gesture helps ease the financial burden on citizens and demonstrates true partnership in national development,” he said.
The President also praised the Ghana Private Road Transport Union (GPRTU) for reducing transport fares, describing the move as both timely and socially responsive.
The cedi has appreciated against major currencies in recent weeks, driven by tighter monetary policy, improved foreign exchange inflows, and growing market confidence.
He further emphasised that the private sector remains a critical partner in ensuring that the benefits of macroeconomic stability reach a wider audience.
“On the government’s part, I assure you of continued fiscal discipline and a commitment to creating an enabling environment for businesses to thrive,” he added.
SP/MA
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