Mahama says Ghana’s economy remains resilient despite global shocks

President John Mahama has assured Ghanaians in the Caribbean that Ghana's economy remains resilient despite global economic challenges. Speaking to the diaspora in St. John’s, Antigua and Barbuda, while attending the Commonwealth Heads of Government Meeting (CHOGM), Mahama highlighted that key economic indicators such as inflation, interest rates, and the Cedi are stable. He acknowledged that while 2025 was a good year, the global economic climate tempered expectations for 2026, but Ghana's economy has remained robust.

Mahama noted that unlike in previous crises, where the economy would collapse, the Cedi would depreciate, inflation would spike, and interest rates would soar, Ghana's economic stability is maintained. He expressed optimism that post the American mid-term elections, a solution would emerge to address the issues causing the global economic shock, enabling Ghana to continue its economic growth.

Regarding remittances, Mahama's government is working to establish more secure investment avenues for diaspora funds, aiming to prevent the disappearance of sent money. He emphasized the need for a more secure method for Ghanaians abroad to invest their remittances, ensuring that their investments grow rather than diminish upon their return.

The President also urged diaspora Ghanaians to take advantage of a $1 billion mortgage initiative aimed at homeownership for both citizens at home and abroad. Housing has become a priority for his administration, with a mortgage scheme in place that allows beneficiaries to spread payments over 15 to 20 years.