During a citizens’ engagement in the Upper West Region, President John Mahama said Ghana’s economy has moved from a fragile state that would collapse under global shocks to one that can withstand major external disturbances. He likened the change to a shift from “broomsticks” to “concrete pillars.”
Mahama noted that in the past, events such as the Iran‑Israel‑US conflict could have brought the economy to its knees. “In the past, this Iran‑Israel‑US war, if it had happened some years back, by now the economy would have come crashing down,” he said.
He added that the economy has been well managed despite external developments and that Ghana could have recorded stronger growth this year, potentially reaching 7%, had it not been for global pressures. “We would have made more progress this year than even last year,” he said, acknowledging that external factors still influence the pace of progress.
Mahama also confirmed that preparations for the 2027 budget are underway, with budget hearings currently in progress. “There’s going to be the new budget 2027, and the budget hearings have currently started, and I’m sure that we’ll capture as many of the essential things that we need to capture as possible,” he added.
