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February 25, 2026
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Business leaders welcome stable cedi, falling interest rates; back Mahama’s industrial vision
Money
Policy
Opportunity
Growth
Key Points
- Private sector leaders have commended President John Dramani Mahama for restoring macroeconomic stability in Ghana.
- Key indicators cited include the Ghana cedi's 40.7% appreciation against the US dollar in 2025 (now GH¢10.9756 per dollar), a sharp decline in interest rates from 47% in 2024 to about 13% currently (T-bills at 6.6%), and inflation dropping from 23.8% in 2024 to 3.8% in January 2026.
- President Mahama articulated a vision for Ghana to become an industrial hub for West Africa, focusing on value addition, competitive manufacturing, and export-led growth, which the private sector welcomed as a significant opportunity.
- The government projects a 4.8% GDP growth for 2026, driven by stability and growth, with a focus on creating a predictable environment for private sector investment.
- The institutionalization of regular government–private sector engagement forums was praised as a crucial mechanism for aligning policy implementation with real-economy needs and sustaining feedback.
Why This Matters
This article signals a potential turning point for Ghana's economy, as restored macroeconomic stability, lower borrowing costs, and currency appreciation create a more favorable environment for business investment and expansion. The government's commitment to private-sector-led growth and an industrial hub vision could significantly drive job creation, boost exports, and enhance regional competitiveness, crucial for Ghana's long-term prosperity and economic recovery.
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