Economy stabilises under Mahama; Reserves hit $12bn — BoG Governor Asiama

Governor of the Bank of Ghana, Dr. Johnson Asiama, says Ghana’s economy has made a decisive turnaround under the leadership of President John Dramani Mahama.

Speaking at the launch of the 60th anniversary of the Ghana Cedi in Accra on Tuesday, October 28, Dr. Asiama attributed the recovery to “coordinated, difficult but necessary” policy decisions taken by the government and the central bank.

“I am happy to say that Ghana has turned a decisive corner, and indeed, the evidence is compelling,” he said.

Dr. Asiama highlighted major improvements in inflation, currency performance and external reserves:

• Inflation has eased to 9.4% as of September 2025, with expectations of further decline before the year ends.
• The Ghana cedi has appreciated by 37% as of October 17.
• According to the World Bank, the cedi was the best-performing currency in sub-Saharan Africa in the first eight months of 2025.
• Gross international reserves are currently estimated at US$12 billion, providing what he described as “a robust cushion” against external shocks while improving investor confidence.

“These results show that the policies implemented are working and are positioning our economy on a path of resilience and sustainable growth,” the BoG Governor added.

The event formed part of activities to commemorate six decades of the national currency.