The government has announced that it has made considerable strides in stabilizing and enhancing the economy during the last 10 months of the John Dramani Mahama administration.
Deputy Finance Minister, Thomas Ampem Nyarko, spoke at a press conference in Accra on Monday, October 20, 2025, in anticipation of the 2026 budget presentation scheduled for November. He stated that careful fiscal management has resulted in a notable turnaround in the economy.
He disclosed that the government has achieved a primary balance surplus of 1.4% of GDP, reduced the fiscal deficit to 1.5%, and lowered public debt to 46.8% as of August 2025.
“These accomplishments are not merely ends in themselves but rather the groundwork for sustained recovery and shared prosperity,” Mr. Ampem Nyarko remarked.
“The recent successful staff-level agreement with the IMF under the Extended Credit Facility (ECF) and the credit rating upgrade by Moody’s reaffirm international confidence in Ghana’s economic trajectory.”
The Deputy Minister further noted that the forthcoming 2026 budget will build upon these achievements to promote inclusive growth and ensure long-term stability.
