President John Dramani Mahama has showcased Ghana’s economic turnaround as part of his address at the Accra Reset: The Davos Convening, held at the Steigenberger Icon Grandhotel Belvédère on Thursday, January 22, 2026.
Speaking to global leaders, strategic partners, and development stakeholders, President Mahama said Ghana has moved from a “debt-distressed, crisis-ridden economy” to one with “a stable macroeconomy characterised by single-digit inflation, a strengthened currency, and increased business confidence.”
The Accra Reset initiative, which President Mahama introduced at the UN General Assembly in 2025, seeks to reposition Africa in the changing global order. “Just months ago, I introduced the Accra Reset Initiative; not as another declaration, not as a wish list, but as a practical answer to a question millions of young Africans are asking: What should Africa’s response be in a changing global order?” he explained.
President Mahama attributed Ghana’s progress to decisive leadership and practical reforms. “In my first year of being back in office, we’ve shown that democracy works and that change is possible when leadership is focused and accountable to the people,” he said. Among the measures, he highlighted reducing government size to 58 ministers and deputies, digitising services to curb corruption, renegotiating debt to prioritise citizens, and training young people for jobs in emerging sectors.
However, the President stressed that Ghana’s success is not enough on its own. “We must knit together the patchwork of success stories. That’s why we’re here in Davos – to take what’s working across Africa and the Global South and scale it across other countries. To move from resetting one country to resetting the entire development model,” he stated.
He warned against Africa’s dependency trap, noting that many nations rely on external actors for security, donors for health and education, and supply critical minerals while capturing little value. “This isn’t sovereignty. It is a trap. And it is getting worse,” Mahama said.
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The Accra Reset, he explained, is a blueprint for continental cooperation to drive jobs, industrialisation, and technological self-sufficiency. “What if we pooled our negotiating power on critical minerals, so we capture value, not just extract raw ore? What if we built regional manufacturing hubs that create millions of jobs for our young people? What if we produced our own vaccines, our own medicines, our own technology? This is the Accra Reset vision,” he said.
President Mahama called for unity and collective action, urging leaders to invest in skills, industrialise collaboratively, negotiate as one, produce at home, and hold themselves accountable. “Reset means reform. And reform means results,” he emphasized.
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The Accra Reset has already gained traction globally, with initiatives taking place from New York to Davos, and plans for continental engagements through the African Union in Addis Ababa and the Oslo Dialogues.
“Ghana can’t do it alone. Africa can’t do it alone. This is a call to every leader in this room. If you believe in a world where prosperity is shared, not just based on narrow interests, join us,” President Mahama concluded.
Source: Starrfm.com.gh
