Ghana’s Economic Miracle: President Mahama’s “Reset Agenda” Delivers Stunning Results in Eight Months
In a remarkable display of economic resilience, Ghana has achieved what many economists are calling an unprecedented turnaround under President John Dramani Mahama’s ambitious “reset agenda,” with the Ghana Cedi emerging as the world’s best-performing currency according to Bloomberg.
Speaking at the 80th United Nations General Assembly, President Mahama outlined his administration’s comprehensive transformation program that has delivered stunning results in just eight months since taking office in January 2025.
“Maybe you are unaware of the resilience of African nations, or their remarkable ability to make a strong comeback just when you think it’s safe to count them out. That is what is happening right now in my own country, Ghana,” President Mahama.
The President, who returned to office for a second non-consecutive term, inherited a challenging economic landscape. “Our currency, the Ghana Cedi, was rapidly depreciating. Faced with rising inflation, a huge debt burden and low morale amongst our citizens, my new administration settled down quickly and embarked on an ambitious program of comprehensive transformation designed to restructure Ghana’s economic foundation and enhance our competitive standing globally,” he explained.
The results have been nothing short of extraordinary. “In just eight months, we have achieved significant reduction in inflation from 23.8% in December, 2024, to 11.5% in August, 2025, restoring price stability for our citizens,” President Mahama announced.
Perhaps most remarkably, “our currency, the Ghana Cedi, has appreciated considerably against other currencies, with Bloomberg reporting it as the best performing currency in the world,” the President proudly stated.
Central to Ghana’s transformation is what President Mahama calls the “reset agenda” – a comprehensive recalibration of the nation’s economic approach. “We refer to this process of recalibration as our reset agenda,” he explained, emphasizing the systematic nature of the reforms.
The administration’s “24 hour Economy Initiative promises to transform our economy,” representing a groundbreaking approach to maximizing economic productivity and creating round-the-clock opportunities for citizens.
Beyond the impressive statistics, President Mahama highlighted the restoration of public trust. “Our improved sovereign credit rating reflects increasing investor confidence in our economy and our 24 hour Economy Initiative promises to transform our economy, and there’s a renewed willingness amongst our people to trust that the elected officials have garnered interest at heart and that we are progressing together,” he noted.
The President emphasized Ghana’s democratic stability, noting that “our constitution limits leaders to two, four year terms. In January, I was sworn in for a second term, which let me point out, was non consecutive with my first term.”
President Mahama’s address at the UN General Assembly positioned Ghana’s success as part of Africa’s broader potential, demonstrating that with proper leadership and strategic planning, African nations can overcome significant economic challenges and emerge stronger on the global stage.
