Ghana has experienced a significant economic transformation under the guidance of President John Dramani Mahama, as stated by the Governor of the Bank of Ghana, Dr. Johnson Asiama.
During the launch of the 60th anniversary of the Ghana Cedi in Accra on Tuesday, October 28, Dr. Asiama emphasized that well-coordinated and challenging policy measures have produced concrete results for the nation.
“Under the leadership of His Excellency John Dramani Mahama, along with Her Excellency the Vice President, and through coordinated, challenging yet essential policy actions, I am pleased to announce that Ghana has decisively turned a corner, and the evidence is indeed compelling,” he remarked.
The Governor of the Bank of Ghana pointed to various key indicators reflecting the country’s enhanced economic status. He mentioned that headline inflation, which has been a significant concern in recent years, was recorded at 9.4 percent as of September 2025, with predictions indicating it may decrease further by year-end.
Dr. Asiama also noted that the national currency, the cedi, has considerably strengthened, appreciating by 37 percent as of October 17.
The BoG Governor highlighted that the cedi was recognized as the best-performing currency in sub-Saharan Africa during the first eight months of 2025, according to the World Bank.
He additionally pointed out that Ghana’s gross international reserves are currently estimated at around $12 billion, which provides a solid buffer against external economic shocks and helps restore investor confidence in the nation.
“Headline inflation is currently at 9.4% as of September 2025, and we anticipate it will conclude the year at an even lower rate. The cedi has appreciated by 37% as of October 17, and according to the World Bank, it is the top-performing currency in sub-Saharan Africa for the first eight months of 2025.
“Our gross international reserves are presently approximately $12 billion, which is offering a strong safeguard against external volatility and reinstating our investor confidence.”
