President John Dramani Mahama has outlined the economic benefits of his government’s 24-Hour Economy policy during his address to the 80th United Nations General Assembly on Thursday, September 25.
According to him, the initiative is a game-changer that will reshape Ghana’s economic foundation and drive long-term growth.
“Our improved sovereign credit rating reflects increasing investor confidence. Our 24-Hour Economy Initiative promises to transform our economy. There is a renewed willingness among the people to trust that their elected officials have Ghana’s interests at heart and that we are progressing together,” President Mahama told the Assembly.
Reflecting on the state of the nation when he assumed office on January 7, 2025, Mahama noted that the Ghanaian cedi was depreciating sharply, inflation was on the rise, and public morale was low.
To address these challenges, his administration rolled out what he described as a “reset agenda” a comprehensive transformation programme designed to restructure Ghana’s economy and enhance global competitiveness.
“In just eight months, we have achieved a significant reduction in inflation, from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability for our citizens,” Mahama said.
He added that the cedi had also made impressive gains, at one point being ranked by Bloomberg as the best-performing currency in the world.
President Mahama emphasized that these economic strides are only the beginning, insisting that the 24-Hour Economy would further consolidate Ghana’s stability and unlock opportunities for growth and prosperity.
