John Dramani Mahama has defended his administration’s economic reforms, telling Parliament that decisive policy choices over the past year have restored stability and rebuilt investor confidence in Ghana’s economy.
Delivering his State of the Nation Address on Friday, February 27, the President struck a confident tone, arguing that the difficult measures introduced by his government were beginning to yield tangible results.
Addressing Members of Parliament, members of the diplomatic corps, and other invited guests, President Mahama recalled his pledge last year to implement bold and sometimes painful reforms to stabilise the economy.
“I can say with confidence today that Ghana is back and ready for business,” he declared, adding that key economic fundamentals were improving and that the country’s growth trajectory was becoming clearer.
The President said his administration deliberately chose “discipline over waste, reform over excuses, and stability over speculation,” explaining that fiscal discipline had been central to restoring credibility. According to him, this approach involved cutting unnecessary expenditure, ensuring value for money in public spending, and strengthening oversight.
He further noted that prioritising reform meant confronting deep-rooted structural challenges rather than attributing economic setbacks to external pressures. By taking what he described as firm and responsible decisions, the government has laid the foundation for sustained macroeconomic stability and long-term resilience.
President Mahama maintained that while sacrifices were required, the strategy was necessary to rebuild trust, attract investment, and position Ghana for accelerated growth in the years ahead.
