President John Dramani Mahama has stated that Ghana’s economy has grown significantly, with the 2025 Gross Domestic Product (GDP) forecast to reach $113 billion, up from $83 billion at the end of 2024.
Delivering the State of the Nation Address at Parliament on Friday, February 27, 2026, he highlighted that Ghana is placed among the top ten largest economies in Africa with an average GDP growth for the first three quarters of 2025 reported at 6.1%.
“Our primary surplus reached 2.6% of GDP, exceeding our target of 1.5%. We closed our fiscal deficit at 3.1%, well below the projected 3.8%,” he disclosed.
He emphasized that his government confronted debt crises with action by establishing syncing funds, restructuring obligations and pursuing bilateral agreements.
“The result, public debt fell by 82.1 billion Ghana cedis and took our debt to GDP from 61.8% to 45.3%,” he revealed.
He further stressed that his government has benefited households and businesses because they have borrowed less and spent more responsibly.
“This is not prudent government, it is promise keeping and it has benefited households and businesses because we have borrowed less and spent more responsibly, interest rates have fallen, confidence has returned and private businesses are breathing again,” he added.
Source: Bertina Ofosu
