President John Dramani Mahama has highlighted the transformative potential of Ghana’s 24-Hour Economy Initiative, describing it as a key driver of the country’s economic reset and long-term growth agenda.
Delivering Ghana’s address at the 80th United Nations General Assembly on Thursday, September 25, Mahama said the policy is designed to create jobs, boost productivity, and reposition Ghana as a competitive player in the global economy.
“Our improved sovereign credit rating reflects increasing investor confidence. Our 24-Hour Economy Initiative promises to transform our economy. There is a renewed willingness among the people to trust that their elected officials have Ghana’s interests at heart and that we are progressing together,” he stated.
The President recounted the economic challenges he inherited when he assumed office on January 7, 2025, noting that the Ghana cedi was rapidly depreciating, inflation was surging, and public confidence was low.
However, he said his government’s reset agenda—a comprehensive programme to restructure Ghana’s economic foundation—has already produced remarkable results in just eight months.
“In just eight months, we have achieved a significant reduction in inflation, from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability for our citizens,” Mahama revealed.
“Additionally, the Ghana cedi has appreciated considerably against other currencies, with Bloomberg reporting it as the best-performing currency in the world at one point.”
Mahama emphasised that these gains, coupled with improved investor confidence and a strengthened sovereign credit rating, lay the groundwork for the 24-Hour Economy Initiative to thrive and transform Ghana’s economic landscape.
