Home News Mahama Hails Ghana’s 7.3% Economic Growth

Mahama Hails Ghana’s 7.3% Economic Growth

President John Dramani Mahama has commended Ghana’s recent economic growth, describing it as evidence of renewed investor confidence and effective fiscal management.

Speaking during a diplomatic engagement with foreign envoys and visiting German President Frank-Walter Steinmeier on Tuesday, November 4, President Mahama said the economy is showing strong signs of recovery.

According to him, Ghana’s GDP growth rose from 5.1% in the first half of 2025 to 7.3% in the second quarter, signalling a steady rebound after years of economic turbulence.

“These indicators send a clear message to our international partners and investors that Ghana is ready and open for business again,” the president noted.

He attributed the growth to improved fiscal discipline, targeted reforms, and renewed private sector participation.

“Through sustained fiscal discipline, bold energy sector reforms, industrial modernisation, and agricultural transformation, we have restored confidence in our economy and laid a solid foundation for inclusive and sustainable growth,” President Mahama added.

The president further stated that the stabilising macroeconomic environment has boosted investor confidence, attracting fresh capital inflows and strengthening Ghana’s position as a competitive investment destination in Africa.

The remarks come as Ghana continues to implement structural reforms aimed at consolidating economic stability and promoting sustainable development.