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Attractive News Blog of Monday, 26 January 2026

Source: Andre Mustapha NII okai Inusah

Inflation Falls to 5.4%, Cedi Gains 37% as Mahama Credits God for Economic Turnaround

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President John Dramani Mahama has credited divine intervention for Ghana’s improving economic fortunes, following dramatic gains in key macroeconomic indicators.

Addressing the First Sky Group’s Thanksgiving Service at the Accra International Conference Centre on Sunday, January 25, 2026, the President said the country’s recovery has surpassed expectations in both scale and speed.

According to him, the economic crisis inherited by his administration was so severe that he anticipated it would take at least two years to stabilise the economy.

“When we came into office, the situation was very difficult. I believed it would take about two years before we could begin seeing a turnaround,” President Mahama said. “But the progress has come much faster than expected.”

He revealed that inflation had declined sharply from 23.8 percent to 5.4 percent within a year, reflecting improved fiscal discipline and macroeconomic stability.

The President also announced a remarkable appreciation of the Ghanaian cedi, which strengthened by about 37 percent over the same period.

“For the first time, our long-suffering Ghanaian currency has appreciated. It’s only God,” he remarked.

President Mahama added that the progress has attracted international attention, with the IMF and World Bank reportedly impressed by Ghana’s performance.

He said both institutions now cite Ghana as a benchmark for other African nations implementing economic reforms.