President John Mahama says his administration is leading by example under its “Resetting Ghana” agenda, cutting government size and restructuring public debt to prioritise investment in human capital.
Addressing the National Assembly of Zambia, President Mahama outlined the pragmatic measures his government has implemented since returning to office to restore macroeconomic stability and fiscal discipline.
He disclosed that the current administration is operating with just 58 ministers and deputy ministers, including regional ministers, describing the reduction as part of a deliberate effort to rein in public expenditure.
“We have chosen execution over excuses,” the President said.
According to him, the reforms are already yielding measurable results. He noted that Ghana’s inflation rate has dropped sharply from over 23.4 per cent at the end of 2024 to a record low of 3.8 per cent in January 2026.
President Mahama also cited a 32 per cent appreciation of the Ghanaian cedi in 2025 as further evidence of renewed confidence and currency stability.
On the extractive sector, he highlighted the establishment of the Gold Board, which has assumed control of gold exports and boosted artisanal and small-scale gold production from 63 tonnes to 104 tonnes within ten months.
The President added that the government is taking steps towards the local processing of minerals such as manganese and bauxite, stressing that Ghana must maximise value from its natural resources rather than exporting raw materials.
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