Ghana's Economic Reset Shows Exceptional Progress in First Year
Ghana's economic transformation is gaining momentum, with the Centre for Democratic Development (CDD-Ghana) highlighting exceptional macroeconomic stability during President Mahama's first year in office. The comprehensive assessment reveals tangible improvements that are directly benefiting Ghanaian businesses and households.
Remarkable Economic Indicators Drive Business Growth
The data tells a compelling success story. Food inflation plummeted from 28.3% to just 4.9% between January and December 2025, while fuel prices declined by 4-8%, translating to a significant 15% reduction in commercial transport fares. This economic stability is creating fertile ground for entrepreneurial ventures and business expansion.
Dr. Kojo Pumpuni Asante, CDD-Ghana's Director of Policy, Engagement and Partnerships, emphasized that Ghanaians are experiencing real price reductions across key sectors, providing tangible relief in cost of living and boosting purchasing power for local businesses.
Strategic Investments in Human Capital
The administration's commitment to education excellence shines through a GH¢9.1 billion allocation to basic education. The innovative "No Academic Fee Policy" has already benefited over 120,000 first-year tertiary students, creating a skilled workforce pipeline essential for Ghana's digital economy transformation.
This investment strategy aligns perfectly with global trends where education-driven economies consistently outperform their peers in attracting foreign direct investment and fostering innovation hubs.
Governance Reforms Building Investor Confidence
Transparency initiatives are strengthening Ghana's business environment. The establishment of a Code of Conduct for appointees and capping ministerial positions at 60 demonstrate fiscal discipline that international investors value highly.
Local government efficiency improved significantly, with Metropolitan, Municipal and District Assemblies receiving 80% of allocated District Assemblies Common Fund resources, ensuring grassroots economic development reaches every corner of Ghana.
Social Protection Expansion Drives Domestic Consumption
The LEAP program expansion to 400,000 beneficiary households with inflation-indexed transfers is boosting domestic consumption patterns. This social safety net strengthens the foundation for sustainable economic growth while creating market opportunities for local enterprises.
Healthcare sector reforms, including uncapping the National Health Insurance Levy, are improving system liquidity and reducing arrears, creating a healthier, more productive workforce.
Challenges as Growth Opportunities
While celebrating these achievements, the CDD report identifies areas for continued improvement, including governance implementation, anti-corruption measures, and environmental management. These challenges represent opportunities for innovative solutions and public-private partnerships.
Regional disparities, particularly in northern areas experiencing slower price reductions due to logistical constraints, highlight the need for infrastructure investments that could unlock significant economic potential.
The report concludes that Ghana's "Reset Agenda" remains a work in progress, describing it as "credible in its intent" while acknowledging the need for balanced implementation approaches that can attract diaspora investment and international partnerships.