President John Dramani Mahama highlighted Ghana’s strengthened currency and broad economic recovery, responding indirectly to claims by former Vice President Mahamudu Bawumia during the NPP administration that the cedi had been “arrested” under their tenure.
The cedi has appreciated notably against major global currencies, easing pressures on households and businesses from exchange rate volatility.
Speaking in Parliament during his 2026 State of the Nation Address, on Friday, February 27, Mahama said, “Mr. Speaker, we did not arrest the dollar. We strengthened the cedi to put up a good fight against the other currencies. And I’m pleased to report to this house that the cedi appreciated by 40.7% against the US dollar, and by 13.9% against the British pound, and by 24% against the euro.”
He framed these achievements as part of a broader economic strategy aimed at stabilizing prices, protecting purchasing power, and building resilience against external shocks.
Mahama also highlighted that Ghana’s economy surpassed the GH¢100 billion mark for the first time, signaling comprehensive recovery across all sectors.
The president projected that these gains would elevate Ghana into the top 10 largest economies in Africa, reflecting the administration’s commitment to fiscal discipline, strategic planning, and inclusive economic growth.
Source: Starrfm.com.gh
