{"id":95795,"date":"2025-09-25T18:23:15","date_gmt":"2025-09-25T18:23:15","guid":{"rendered":"https:\/\/sotnews.agency\/?p=95795"},"modified":"2025-09-25T18:23:15","modified_gmt":"2025-09-25T18:23:15","slug":"cedi-has-appreciated-considerably-mahama-tells-un-general-assembly","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=95795","title":{"rendered":"Cedi has appreciated considerably \u2014 Mahama tells UN General Assembly"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 51 Second <\/div>\n\n <\/div>
\n

President John Dramani Mahama has disclosed that the Ghana cedi has appreciated significantly, reflecting growing stability and renewed confidence in the country\u2019s economy.<\/p>\n

Speaking at the United Nations General Assembly on Thursday, September 25, he highlighted Ghana\u2019s economic progress and the remarkable appreciation of the cedi under his administration.<\/p>\n

Reflecting on the state of Ghana\u2019s economy at the start of his second term, he highlighted the challenges his administration faced and the measures taken to restore stability. <\/p>\n

\u201cIn January, I was sworn in for a second term, which, I should add, is non-consecutive with the first. Our currency, the Ghana cedi, was rapidly depreciating. Faced with rising inflation, a huge debt burden, and low morale amongst our citizens, my new administration quickly embarked on an ambitious programme of comprehensive transformation designed to restructure Ghana\u2019s economic foundation and enhance our competitive standing globally. We refer to this process of recalibration as our reset agenda,\u201d he said.<\/p>\n

\n

Highlighting the results of his administration\u2019s economic reforms, President Mahama noted the rapid improvements in inflation and currency stability:<\/p>\n

\n

\u201cIn 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. Additionally, the Ghana cedi has appreciated considerably against other currencies, with Bloomberg reporting it as the best-performing currency in the world at one point,\u201d he added.<\/p>\n

READ ALSO:\u00a0Full text: Mahama\u2019s address at the 80th United Nations General Assembly meeting<\/p>\n

He further pointed to the broader economic gains and growing investor confidence resulting from his government\u2019s initiatives:<\/p>\n

\n

\u201cOur 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\u2019s interests at heart and that we are progressing together.\u201d<\/p>\n

Calling for reforms at the global level, President Mahama urged the United Nations to undertake a comprehensive review of its own systems and strategies.<\/p>\n

\u201cMadam President, I believe that, in honour of this milestone celebration, the United Nations should also embark on a process of serious recalibration and establish its own reset agenda,\u201d he concluded.<\/p>\n<\/p>\n<\/blockquote>\n<\/blockquote>\n<\/blockquote>\n<\/div>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"
\"CediPresident John Dramani Mahama has disclosed that the Ghana cedi has appreciated significantly, reflecting growing stability and renewed confidence in the country\u2019s economy.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1919,111,1883,117,10,9],"tags":[],"class_list":["post-95795","post","type-post","status-publish","format-standard","hentry","category-cedi","category-mahama","category-national","category-news","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/95795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=95795"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/95795\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=95795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=95795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=95795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}