President Mahama emphasizes fiscal stability and infrastructure for industrial growth
President John Dramani Mahama stressed the importance of predictable fiscal policies, low inflation, stable exchange rates, and reliable energy supply for attracting private investment.
In Brief
- •President John Dramani Mahama stressed the importance of predictable fiscal policies, low inflation, stable exchange rates, and reliable energy supply for attracting private investment.
- •The government is committed to maintaining macroeconomic stability and improving infrastructure to support industrial growth.
- •The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, highlighted global economic challenges including geopolitical tensions and rising energy prices.
- •Ghana's real GDP grew by 6.0% in the second quarter of 2026, driven by the services and industry sectors.
- •Headline inflation rose slightly to 5.0% in August 2026, mainly due to adjustments in utility tariffs and elevated crude oil prices.
Why It Matters
The remarks by President Mahama and the Bank of Ghana's Governor highlight the critical role of economic stability and infrastructure in attracting investment and supporting industrial growth. The global economic challenges and domestic economic resilience provide a context for understanding the current economic environment and the measures being taken to address them. This information is crucial for businesses and investors looking to operate in Ghana and for policymakers aiming to support economic growth and stability.
Key Details
- Project Cost
- GH¢59 million
- GDP Growth Rate
- 6.0%
- Headline Inflation
- 5.0%
- Monetary Policy Rate
- 14.0%
- IMF Growth Projection
- 3.0%
Context & Background
The remarks by President Mahama and the Governor of the Bank of Ghana come at a time of growing global economic uncertainty, including geopolitical tensions and rising energy prices. Ghana's economy has shown resilience with a GDP growth rate of 6.0% in the second quarter of 2026, driven by the services and industry sectors.
Original Reporting & Sources
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