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President John Dramani Mahama has attributed the recent strengthening of the Ghanaian Cedi to increased foreign exchange inflows and carefully implemented economic policies aimed at restoring macroeconomic stability.
Speaking at the Ghana–EU Business Forum in Accra on Tuesday, May 20, 2025, President Mahama pointed to the country’s growing international reserves as a key factor in the currency’s rebound. Ghana’s gross international reserves rose significantly from $8.9 billion in December 2024 to $10.6 billion by April 2025, a development he says reflects renewed investor confidence and strengthened external financial support.
“Our trade with the European Union remains robust and neutrally beneficial,” he told stakeholders gathered under the forum’s theme: “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy.”
President Mahama emphasized that the government’s ongoing fiscal reforms are yielding early but encouraging results.
“Fiscal consolidation is underway. We have reduced the fiscal deficit on a commitment basis from 7.5% of GDP in 2024 to 6.4% in the first half of 2025, and we are on track to meet our 2025 end-year target of 3.1%, through expenditure rationalisation, improved domestic revenue mobilisation and strong anti-corruption measures,” he stated.
He described these developments as evidence of renewed fiscal discipline and a foundation for inclusive economic growth.
Addressing the international business community, President Mahama reassured investors of his government’s dedication to maintaining a stable and transparent investment climate.
“I assure all potential investors that under this administration, Ghana is committed to transparent governance, policy predictability, and a reformed business environment. We are restoring confidence in our public procurement systems, enforcing contract sanctity, and protecting investor rights under both domestic and international legal regimes,” he said.
The forum brought together leaders from both Ghana and the European Union to explore ways to deepen economic collaboration, especially in emerging value chains beyond traditional exports.
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