President John Dramani Mahama has expressed astonishment at the pace of Ghana’s economic recovery, describing the turnaround as significantly faster than he initially anticipated.
According to the President, the severity of the economic difficulties inherited at the time his administration assumed office led him to believe that meaningful improvements would take at least two years.
“When we came into office, the situation was very difficult. I believed it would take about two years to begin seeing a turnaround, but the progress has come much faster than expected,” he said.
President Mahama made the remarks on Sunday, January 25, 2026, while addressing congregants at the First Sky Group’s Thanksgiving Service held at the Accra International Conference Centre (AICC).
He noted that the scale and speed of the recovery have exceeded expectations, earning commendation from international financial institutions including the International Monetary Fund (IMF) and the World Bank.
The President revealed that officials from both institutions now cite Ghana as a model for other African countries undergoing economic reforms.
“Anytime I meet IMF and World Bank officials, they themselves cannot believe what has happened in Ghana. Ghana has now become the poster boy of the IMF and the World Bank,” he stated.
President Mahama attributed the progress largely to divine intervention, highlighting improvements in key economic indicators such as inflation, which he said dropped from 23.8 percent to 5.4 percent within a year.
He also pointed to the strengthening of the cedi, noting that the local currency appreciated by approximately 37 percent over the same period.
