SONA: Ghana’s GDP has surpassed GH¢100 billion – Mahama

President John Dramani Mahama has announced that Ghana’s economic output has crossed a significant threshold, with the country’s Gross Domestic Product (GDP) exceeding GH¢100 billion for the first time, a milestone reflecting sustained recovery and growth.

Speaking in Parliament during the 2026 State of the Nation Address (SONA), the President described the development as evidence of the effectiveness of his government’s economic recovery agenda and structural reforms.

“Mr Speaker, the continued growth trajectory is expected to position Ghana among the top ten largest economies on the African continent,” he stated, stressing that the progress reflects improvements across multiple sectors rather than isolated gains.

President Mahama said the administration’s Resetting Ghana agenda has yielded tangible results, with careful management of public resources, fiscal discipline, and macroeconomic reforms contributing to the country’s growth.

“Our theme today, ‘Building Prosperity, Restoring Hope,’ is not just aspirational; it reflects the tangible transformations we have delivered for the Ghanaian people,” he said, highlighting that both households and businesses are already benefiting from improved economic fundamentals.

The President noted that achieving these gains required making difficult decisions to restore confidence and credibility in the economy after inheriting significant fiscal and structural challenges.

“I promised then that just as I have confronted and overcome crises in the past, I will reset our economy and return us to a path of growth, progress and development,” he reminded lawmakers, emphasizing that reforms were deliberately prioritised over short-term political convenience.

According to President Mahama, the government has succeeded in achieving fiscal stability, with a primary surplus of 2.6 percent of GDP, surpassing the target of 1.5 percent, and a fiscal deficit of 3.1 percent, below the projected 3.8 percent.

He also pointed to broad-based improvements in economic indicators, including a strengthened cedi, higher revenue mobilisation, and increased investor confidence. The President said these results demonstrate that prudent governance and structural reforms are key to sustaining economic growth.

The address underscored the government’s commitment to maintaining discipline, fostering stability, and creating a strong economic foundation that will position Ghana for accelerated development and prosperity in the years ahead.