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Mahama Highlights Economic Progress During Talks With German President Steinmeier

Ghana Database by Ghana Database
November 4, 2025
in Featured, General News
Reading Time: 1 min read
President Mahama Hosts German President for Bilateral Talks on Renewable Energy and Digital Cooperation

President Mahama Hosts German President for Bilateral Talks on Renewable Energy and Digital Cooperation

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President John Dramani Mahama has reiterated his administration’s unwavering commitment to transparency and accountability as the central pillars of Ghana’s economic agenda, assuring investors of a stable and credible environment for sustainable growth.

Speaking to members of the diplomatic community and a visiting German delegation led by President Frank-Walter Steinmeier, who is on a three-day state visit to Ghana on Tuesday, November 3, 2025, President Mahama highlighted the progress his government has made in stabilising the economy and promoting investor confidence.

He noted that the economic reforms undertaken under his leadership have created a more favourable investment climate, opening new opportunities for both local and international investors.

“At the domestic level, I am proud to report that Ghana has made significant progress in economic stabilisation and structural reforms,” President Mahama stated.

“Through sustained fiscal discipline, bold energy sector reforms, industrial modernisation, and agricultural transformation, we have restored confidence in our economy and laid a solid foundation for inclusive and sustainable growth.”

The President announced that the Ghanaian cedi has become one of the best-performing currencies globally, reflecting growing investor confidence and effective monetary management. He added that inflation has fallen sharply from 23% in December 2024 to approximately 9% as of September 2025.

“Over the same period, GDP growth has increased from 5.1% in the first half of 2025 to 7.3% in the second quarter. These indicators send a clear message to our international partners and investors that Ghana is ready and open for business again,” he said.

President Mahama reaffirmed that his administration remains focused on building a resilient, diversified, and transparent economy capable of attracting long-term investment and creating jobs for Ghanaians.

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