President John Dramani Mahama has announced a decisive shift in Ghana’s economic strategy toward aggressive growth and job creation, following what he described as significant progress in stabilising the economy.

Addressing workers at the 2026 May Day celebration at Jackson Park, the President said the government is now moving beyond macroeconomic recovery to focus on expanding opportunities and improving livelihoods.

Delivering a speech in line with the event’s theme, “Pivoting to Growth, Jobs and Sustainable Livelihoods – Resetting Ghana Beyond Macroeconomic Stability,” President Mahama said his administration has laid a solid foundation after inheriting a struggling economy.

“When we took office, our first task was to stop the bleeding,” he said.

He indicated that they made every effort to stabilise the currency, reduce inflation, lower interest rates, and restore fiscal discipline.

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According to him, those measures have begun to yield results.

“We’ve stabilised the cedi, reduced inflationary pressures, and renewed investor confidence. These gains, though modest, mark a decisive turning point for our economy,” he stated.

However, President Mahama stressed that stability alone is not enough.

“Macroeconomic stability is desirable, but it is not an end in itself. Stability is the foundation, but it is not the house,” he said.

He added that the focus must now shift to building a more inclusive and productive economy.

President Mahama emphasised that the government is now “aggressively pursuing growth and job creation” as part of its broader Resetting Ghana agenda.

“We will not just manage the economy; we will expand it to create jobs and prosperity for the Ghanaian people. Our mission is clear: to turn stability into opportunity,” he declared.

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He noted that job creation, particularly for young people, will remain a top priority, with investments targeted at key sectors such as value addition and the digital economy to ensure workers are both employed and empowered.

Looking ahead, the President disclosed that the Minister of Finance will soon present a new economic policy framework to Cabinet and Parliament.

The policy is expected to prioritise strategic investments, including allocating one percent of Ghana’s GDP annually to high-impact sectors capable of generating jobs.

“A stable economy is only the foundation. The aim is a better life for you and your family,” President Mahama said.

VPO

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