Ghana’s Economy holding strong despite global pressures – Mahama

President John Mahama has assured Ghanaians living in the Caribbean that Ghana's economy remains robust, despite global economic challenges. Speaking to diaspora Ghanaians in St. John’s, Antigua and Barbuda during the Commonwealth Heads of Government Meeting (CHOGM), the President highlighted that key economic indicators such as inflation, interest rates, and the Cedi are stable.

While President Mahama acknowledged that the global economic climate had dampened expectations for 2026, he remained confident in Ghana's economic resilience. He stated that even in the face of similar situations in the past, Ghana's economy would not have collapsed or faced significant inflation or rate hikes. The President expressed optimism that the resolution to the global economic shock, expected after the American mid-term elections, would provide Ghana with an opportunity to continue its growth.

President Mahama also addressed the issue of remittances sent by Ghanaians working abroad. He explained that his government is actively working to create more secure investment avenues for diaspora funds, aiming to prevent funds from disappearing upon return. To enhance the secure usage of remittances, the President urged diaspora Ghanaians to take advantage of a $1 billion mortgage initiative.

This initiative, designed to help citizens become homeowners, offers a repayment period of 15 to 20 years, thereby allowing individuals to invest in property and potentially grow their investments.