In just five months, President John Dramani Mahama has reduced Ghana’s national debt by GH₵150 billion, marking a remarkable economic comeback. This progress is largely driven by the strengthening of the Ghanaian cedi against major currencies, especially the US dollar bringing relief to the economy and hope to the people.
The appreciation of the cedi has lowered the cost of servicing foreign debt and stabilized inflation, while boosting investor confidence in Ghana’s future. Businesses are breathing easier, and consumers are seeing early signs of recovery.
At the same time, Nigeria has fully repaid its $3.4 billion emergency IMF loan from 2020, highlighting a wider shift across West Africa toward financial independence and smart governance.
Together, these developments reflect a new narrative for the region: one of accountability, strength, and rising opportunity. Ghana and Nigeria are proving that with the right leadership, transformation is not only possible it’s already underway.
