By Iddi Yire
Accra, Sept. 24, GNA – President John Dramani Mahama has highlighted Ghana’s economic recovery, attributing the turnaround to fiscal discipline, prudent governance and measures to fight corruption.
Addressing the 81st United Nations General Assembly in New York, President Mahama said less than two years into his administration, Ghana had made significant progress in stabilising the economy.
“Indeed, some circles describe it as the Ghanaian miracle. Our macroeconomic stabilisation measures have restored growth, drastically reduced inflation, stabilised our national currency, and significantly lowered our public debt burden,” President Mahama said.
“This remarkable economic recovery story has been independently validated by multilateral financial institutions and major international credit rating agencies—all of which affirm that Ghana has moved from economic vulnerability to sustained recovery, resilience, and growth.”
President Mahama, however, said improvements in macroeconomic indicators were meaningful only when they translated into better living conditions for the people.
“Economic growth must have a human face. That is why we are pursuing an aggressive national infrastructure agenda under our Big Push Programme to build roads, expand digital connectivity, and construct schools and health facilities,” he stated.
He said the strategic investments were opening up the country, bridging the rural-urban divide, unlocking agricultural potential and promoting equitable access to basic services.
President Mahama said the Government’s flagship 24-Hour Economy and Accelerated Export Development Programme, together with the soon-to-be-launched “New Ghana, New Economy” policy, were intended to transform Ghana into an industrial and high-productivity economy.
“We are incentivising round-the-clock commercial operations, driving value addition in agriculture and mining, and creating sustainable, dignified jobs for our vibrant youth and women.”
The President said a key component of the Government’s national reset agenda was the expansion of social protection and universal healthcare to advance the Sustainable Development Goals, particularly SDG One on No Poverty, SDG Three on Good Health and Well-being, and SDG 10 on Reduced Inequalities.
He said that even as African countries demanded greater representation at the United Nations and advocated a more equitable and just global order, African leaders had a responsibility to put their own countries in order.
“As the legal maxim goes: Whoever comes into equity must come with clean hands,” African leadership must be transparent and accountable,” the President said.
“We must fight corruption and ensure that every dollar of our people’s money counts and is used efficiently in their interest.”
President Mahama described Ghana as arguably one of the most stable democracies in Africa, with a commitment to the rule of law and respect for human rights.
“We believe in the rule of law and have respect for human rights. We are determined to demonstrate that democracy works.”
The President said although progress under democratic governance could sometimes be slow because of constitutional processes, it was more sustainable because it was anchored in popular participation and consensus-building.
He said Ghana was leading by example at home through the Government’s transformative “Resetting Ghana Agenda” as the country worked to address broader global challenges.
GNA
Edited by Lydia Kukua Asamoah