President John Dramani Mahama has reaffirmed his commitment to stabilizing Ghana’s economy, emphasizing it as a foundation for long-term sustainable development.
Speaking at the Africa Business Forum 2025 in Addis Ababa, Ethiopia, Mahama outlined key measures to tackle Ghana’s economic challenges, including cedi depreciation, high inflation, soaring interest rates and the growing debt burden.
Mahama stressed the importance of analyzing the root causes of Ghana’s economic crisis while implementing decisive measures, including a comprehensive debt management plan.
He emphasized that stabilizing the economy is the first step towards long-term recovery, focusing on bringing interest rates and inflation down, stabilizing the currency, and dealing with debt overhang.
The President also dismissed any immediate plans to extend Ghana’s current $3 billion Extended Credit Facility with the IMF, although future extensions remain an option.
Mahama’s administration is currently focused on implementing strategic efforts to address Ghana’s economic challenges.
