President John Dramani Mahama says his administration rolled out focused policy measures that have contributed to stabilising Ghana’s currency while improving the country’s general economic outlook.
Delivering his 2026 State of the Nation Address to Parliament on February 27, President Mahama stated that ensuring exchange rate stability became a key priority immediately after his government assumed office, stressing that positive results are already visible.
He clarified that the government’s approach was not aimed at artificially controlling foreign exchange rates but rather at strengthening the competitiveness of the cedi on the international market.
The President indicated that the cedi has recorded significant appreciation against major global currencies, rising by 40.7% against the US dollar, 30.9% against the British pound, and 24% against the euro.
“We made currency stability a priority, and we have delivered. We did not arrest the dollar; we strengthened the cedi to put up a good fight against other currencies,” he told parliament.
He explained that these improvements form part of a wider economic recovery strategy that has produced positive outcomes across several sectors within the first year of his administration.
President Mahama further revealed that Ghana’s economic expansion has reached a major milestone, noting that the national economy has exceeded the 100-billion-dollar threshold for the first time.
According to him, these developments place Ghana among the leading economies on the African continent, with forecasts pointing to sustained growth supported by ongoing reforms and economic stabilisation policies.
