President John Mahama has announced that more than one million Ghanaians secured employment between the first and third quarters of 2025, citing new data from the Ghana Statistical Service.
Delivering the State of the Nation Address in Parliament, he said the job gains form part of broader economic reforms aimed at restoring stability and improving livelihoods.
The President noted that government policies — including the abolition of taxes such as the e-levy, betting tax, emission tax and COVID-19 levy — have returned about GH¢6 billion to citizens’ pockets.
He added that interest rates have dropped from over 30 per cent to between 18 and 20 per cent, improving access to credit for businesses and households.
President Mahama also revealed that about 950,000 Ghanaians escaped multidimensional poverty within the same period. He further stated that Ghana’s current account recorded a surplus of 9.1 billion cedis by December 2025.
He attributed the gains to strong performances in gold, cocoa and non-traditional exports, as well as increased remittance inflows, expressing optimism that sustained high gold prices could help build economic resilience against global shocks.
“Interest rates have fallen from above 30 per cent to currently between 18 and 20 per cent, freeing up credit for businesses and households. According to the Ghana Statistical Service, over one million Ghanaians have found employment between the first and third quarters of 2025, and 950,000 Ghanaians have escaped multidimensional poverty during the same period.
“I am pleased to report that our external position has strengthened significantly. By December 2025, our current account recorded a surplus of 9.1 billion cedis, representing 8.1 per cent of our GDP. This achievement has been driven by robust gold, cocoa and non-traditional exports, as well as increased remittance inflows. This improvement demonstrates that our economy is gaining strength and resilience on the global stage,” he said.
READ ALSO:
