President John Dramani Mahama advocates for increased African representation in global multilateral financial institutions.
He argues that the current global financial framework systematically disadvantages the African continent.
President Mahama articulated these positions during Ghana’s address at the 80th session of the United Nations General Assembly.
“We not only call for a reform of the Security Council but also for a reconfiguration of the global financial system, which is presently unfair to Africa. Africa deserves a more significant influence in the world’s multilateral financial institutions,” he asserted.
President Mahama also emphasized Ghana’s economic recovery achieved during his administration.
He reported that his administration strengthened the cedi, reduced inflation to 11.5 percent, and achieved price stability within eight months of assuming office.
“In merely eight months, we have accomplished a notable decrease in inflation, from 23.8% in December 2024 to 11.5% in August 2025, thereby restoring price stability for our citizens.
Furthermore, the Ghana cedi has significantly appreciated against other currencies, with Bloomberg identifying it as the best-performing currency globally at one point. Our enhanced sovereign credit rating signifies growing investor confidence. Our 24-Hour Economy Initiative is set to revolutionize our economy,” the president stated.
