Mahama expresses shock at speed with which gov't has turned around economy

President John Dramani Mahama has expressed shock at the speed with which his government was able to turn around the economy, describing the rapid recovery as only by the grace of God.

“In my own imagination, I thought it would take about two years to see an economic turnaround. Today, IMF officials themselves are surprised by Ghana’s progress.

Look at what God has done for our economy, inflation has fallen from 23.8 per cent to 5.4 per cent in just one year, the has appreciated by 37 per cent and our primary balance in 2025 is 2 per cent higher than what the IMF projected. This turnaround is nothing short of His grace,” President Mahama said. 

He was speaking at the First Sky Group Thanksgiving Service in Accra today.

“Ghana has now become the poster boy of the IMF and the World Bank. When they go to other African countries, they say, ‘Don’t you see Ghana? Look at what Ghana has done,,” he said.

He said it could only take the grace of God to bring inflation down and see the country achieve higher fiscal balance than the IMF projected. 

“As a nation, we must be grateful to Him, because if we express gratitude, He will bless us more,” he said.