Mahama Touts Ghana’s Economic Miracle …@ The UN

President John Dramani Mahama addressed the 81st United Nations General Assembly, highlighting Ghana's economic recovery. He attributed the turnaround to disciplined governance, fiscal prudence, and the fight against corruption. Mahama's 'Resetting Ghana Agenda' led to a "dramatic economic turnaround" in under two years, according to him.

The government's macroeconomic stabilisation measures reduced inflation, stabilized the currency, and lowered public debt. These improvements were recognized by multilateral financial institutions and credit rating agencies. However, Mahama acknowledged that turning macroeconomic indicators into improved living conditions for ordinary Ghanaians was crucial.

His administration is pursuing an aggressive national infrastructure program, targeting roads, digital connectivity, schools, and health facilities to create jobs and reduce the rural-urban divide. The government is also implementing a 24-Hour Economy and Accelerated Export Development Programme to transform Ghana into an industrial and high-productivity hub, incentivizing round-the-clock commercial operations and value addition in agriculture and mining.

President Mahama emphasized that economic growth must translate into tangible social benefits, such as improved access to food, education, housing, healthcare, and economic opportunities. He also called for African countries to move away from exporting raw materials and instead process them locally, creating jobs and retaining economic value.

Mahama argued that the ultimate test of economic policies is the tangible improvement in citizens' everyday lives and that democracy should deliver these benefits. He criticized unfair global trade regimes, predatory resource extraction, and unsustainable debt burdens, calling for a global financial architecture that enables developing economies to access affordable financing for human capital development and industrialization.