President John Dramani Mahama has praised what he describes as strong economic gains under his administration, declaring that Ghana has regained stability and renewed investor confidence.
Delivering his State of the Nation Address in Parliament on Friday, February 27, the President adopted an upbeat tone as he reviewed measures implemented over the past year to revive the economy.
Speaking before Members of Parliament, government officials, members of the diplomatic corps, and other invited guests, he said his administration had taken difficult but necessary steps to rebuild trust and credibility.
President Mahama recalled his previous appearance before the House, noting that he had pledged to pursue bold reforms to restore stability.
“I told this august house then, when I appeared before you last year, that we needed to take tough decisions to restore credibility and stability, and I can say with confidence today that Ghana is back and ready for business.
“The fundamentals are improving, and the path to sustain acceleration is very clear to everyone. From the outset, we resolved to choose discipline over waste, reform over excuses, and stability over speculation.”
He explained that achieving macroeconomic stability required firm leadership and sacrifice, with a deliberate focus on fiscal discipline to rein in spending and strengthen public confidence.
According to the President, choosing “discipline over waste” involved reducing unnecessary expenditure and ensuring value for money in public spending.
He added that prioritising “reform over excuses” meant confronting structural challenges head-on rather than blaming external factors, and implementing corrective policies aimed at long-term economic resilience and growth.
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