John Dramani Mahama is Ghana’s President
President John Dramani Mahama has described Ghana’s first triple credit rating upgrade in 2025 as a strong signal that the country’s economic credibility is being restored.
According to him, the upgrade announced by international rating agencies reflects renewed investor confidence in Ghana’s fiscal consolidation measures, debt restructuring, and broader economic reforms.
Delivering the State of the Nation Address in Parliament on Friday, February 27, 2026, President Mahama noted that this marks a significant step in the country’s ongoing economic recovery and reset agenda.
“We completed the US$1.4 billion in debt service that was scheduled for 2025. Mr. Speaker, the world noticed. Fitch, Moody’s, and Standard & Poor’s all upgraded Ghana’s credit ratings, the first triple upgrade in many years. Mr. Speaker, Ghana’s credibility has been restored,” he said.
Ghana’s economic fundamentals improving – President Mahama
The President noted that Ghana’s headline inflation, which had posed a major threat to households, has dropped significantly to single digits, making the cost of doing business much easier.
“Ghana is rising. The heaviest burden we inherited was the very high inflation rate, which was silently eroding every household’s purchasing power. It peaked at 54.1 percent at the end of 2022 and declined to 25 percent at the end of 2024. Mr. Speaker, we treated this with urgency. Through fiscal consolidation, currency stabilization, and disciplined monetary policy, inflation fell from 23.5 percent at the end of 2024 to 3.8 percent over 13 months by January 2026,” Mahama added.
President Mahama emphasised that the improved macroeconomic indicators demonstrate that the country is regaining trust in global financial markets after a period of economic turbulence.
He added that maintaining fiscal discipline and productivity-driven initiatives would translate into tangible benefits for businesses and households.
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Source:
www.ghanaweb.com