Fiscal Reforms Put GH₵6 Billion Back in Citizens’ Pockets — Mahama
In a momentous announcement during his 2026 State of the Nation Address, former President John Dramani Mahama declared that fiscal reforms under his administration have successfully liberated GH₵6 billion in disposable income for households across Ghana. This revelation is part of Mahama’s ambitious Reset Agenda, aimed at restoring economic stability and rebuilding public trust in governance.
Ghana’s Economic Turnaround
Mahama’s address highlighted several key indicators showcasing the economic recovery under his leadership. One of the most significant achievements is the growth of Ghana’s Gross Domestic Product (GDP), which surged from $83 billion in 2024 to an impressive $113 billion in 2025. This remarkable growth has propelled Ghana into the ranks of Africa’s top 10 economies, with average GDP growth reaching 6.1% in the first three quarters of 2025.
Debt Reduction
Another cornerstone of Mahama’s fiscal reforms is the substantial reduction of public debt. The administration successfully lowered public debt by GH₵82.1 billion, which in turn decreased the debt-to-GDP ratio from 61.8% to 45.3%. This significant improvement not only reflects the government’s commitment to fiscal discipline but also enhances the nation’s creditworthiness on the international stage.
Currency Strengthening
In addition to debt reduction, the fiscal reforms have contributed to the strengthening of the Ghanaian cedi. The currency appreciated by an impressive 40.7% against the US dollar, which is a testament to the effectiveness of the Reset Agenda. This appreciation of the cedi is expected to further stabilize prices and enhance the purchasing power of citizens.
Public Trust and Confidence
Mahama emphasized that the ultimate goal of the Reset Agenda is not just economic metrics but the restoration of public trust in governance. By putting GH₵6 billion back into the pockets of citizens, his administration aims to enhance the quality of life for Ghanaians and foster a sense of optimism about the future.
Challenges Ahead
Despite these achievements, Mahama acknowledged that challenges remain. The global economic landscape is unpredictable, and factors such as inflation, unemployment, and external debt continue to pose threats to sustained growth. Nevertheless, the former president expressed confidence that with continued implementation of the Reset Agenda, Ghana can navigate these challenges effectively.
Conclusion: A Vision for the Future
As Mahama concluded his address, he called for unity among Ghanaians to support the ongoing efforts to stabilize the economy and ensure that the gains made are not only preserved but also built upon. The Reset Agenda is not merely a plan; it is a vision for a prosperous future where every Ghanaian can thrive.
