President John Dramani Mahama has touted his administration’s efforts in stabilising the Ghana cedi, boosting the nation’s prospects on the forex market.
Unlike his predecessors who focused on only the US dollar but failed at it woefully, President Mahama says his government’s Economic Management Team (EMT) rather chose to strengthen the local currency to withstand the major trading currencies across the globe.
Addressing the House of Parliament on Friday, February 27, 2026, on the state of the nation, President Mahama noted that his government has delivered on the promise of stabilising the nation’s forex market.
“We made currency stability a priority and Mr. Speaker we have delivered. Mr. Speaker, we did not arrest the dollar, we strengthened the cedi to put up a good fight against the other currencies,” he noted, highlighting the gains the cedi has made against the other major currencies.
“…and I’m pleased to report to this House that the cedi appreciated by 40.7% against the US dollar, by 30.9% against the British pound and by 24% against the Euro.”
The President further described the turnaround attained under his stewardship as “broad-based and comprehensive.”
He also shared that every sector of the economy has seen progress in the first year of his government, stressing the economy’s feat of surpassing a historic 100 billion mark
“All sectors of the Ghanaian economy has witnessed a significant improvement in our first-year in office. And most importantly, Ghana’s economy has surpassed the 100 billion mark for the first time.”
SONA 2026: ‘We inherited an economy in severe crisis’ – Mahama
