President John Dramani Mahama says that Ghana’s path to recovery required confronting the severe economic crisis inherited from previous administrations.
Speaking in Parliament during his 2026 State of the Nation Address on Friday, February 27, Mahama, “We inherited an economy in severe crisis,” citing a debt-laden, inflationary economy and a depreciating currency that had caused hardship for citizens across the country.
Mahama stressed that overcoming these challenges required tough, decisive action:.
“From the outset, we resolved to choose discipline over waste, reform over excuses, and stability over speculation.”
The President highlighted reforms such as debt restructuring, inflation control, and stabilization of the cedi as key drivers of Ghana’s renewed economic momentum.
He noted that these measures are already visible in improved GDP growth, rising reserves, and a healthier business environment, signaling that Ghana is on the right track toward sustained prosperity.
Source: Starrf.com.gh
