According to the President, the improved performance of the local currency is largely supported by strengthened gross international reserves, which have surged from $8.9 billion in December 2024 to $10.6 billion by April 2025. He noted that this upward trend reflects growing investor confidence and enhanced external financial buffers.

Speaking at the opening of the Ghana–EU Business Forum in Accra on Tuesday, May 20, President Mahama highlighted the government’s determination to meet its economic growth targets for the year.

The forum, held under the theme “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy,” brought together key stakeholders from both Ghana and the European Union.

“Fiscal consolidation is underway, we have reduced the fiscal deficit on commitment basis, from 7.5% of GDP in 2024 to 6.4% in the first half of 2025, and we are on track to meet our 2025 end year of 3.1% through expenditure rationalisation, improve domestic revenue mobilization and strong anti corruption measures.

“These figures, though early in the year, are clear signs of discipline and inclusive economic recovery. Our trade with the European Union remains robust and neutrally beneficial,” he stated.

Building on the positive economic outlook, President Mahama assured both local and international investors of his administration’s commitment to fostering a secure and enabling environment for investment.

“I assure all potential investors that under this administration, Ghana is committed to transparent Governance, policy predictability and a reformed business environment. We are restoring confidence in our public procurement systems, enforcing contract sanctity and protecting investor rights under both domestic and international legal regimes,” he added.