{"id":15291,"date":"2026-03-05T14:09:28","date_gmt":"2026-03-05T14:09:28","guid":{"rendered":"https:\/\/gnbcc.net\/?p=15291"},"modified":"2026-03-05T14:09:33","modified_gmt":"2026-03-05T14:09:33","slug":"mahama-reaffirms-commitment-to-sustaining-reforms","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/mahama-reaffirms-commitment-to-sustaining-reforms\/","title":{"rendered":"Mahama reaffirms commitment to sustaining reforms"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">President John Dramani Mahama used his 2026 State of the Nation address to reaffirm his administration\u2019s commitment to sustaining fiscal and structural reforms, saying government\u2019s reset strategy is delivering measurable gains for households and businesses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Addressing parliament in Accra last Friday, the president said fiscal adjustments and targetted tax reliefs have returned an estimated GH\u00a26billion in disposable income to Ghanaians. The additional income, he said, reflects spending controls, revenue restructuring and policy measures designed to stabilise public finances and lower the cost of living.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur reforms have not only stabilised the economy; they have put tangible money back into the hands of everyday citizens,\u201d he told lawmakers. \u201cWe estimate that the fiscal adjustments and tax relief measures we implemented have freed-up GH\u00a26billion of disposable income for households across Ghana.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Mahama said inflation has declined and macroeconomic conditions have improved, helping to strengthen purchasing power. He added that the reforms were aimed at protecting livelihoods and promoting inclusive growth while restoring economic confidence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The president also announced that government has secured US$250million in immediate savings after renegotiating existing Power Purchase Agreements with nine Independent Power Producers. In addition, US$1.1billion in legacy energy sector debt has been restructured for payment between 2026 and 2028.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTo address the high cost of power, government has successfully renegotiated existing power purchase agreements,\u201d he said. \u201cEngagement with the nine independent power producers has resulted in US$250million of immediate savings and US$1.1billion legacy debts restructured for payment between 2026 and 2028.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The revised agreements will be submitted to parliament for ratification. President Mahama said the move is intended to ease financial pressure in the energy sector, improve efficiency and moderate electricity tariffs for households and firms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the external front, President Mahama attributed a sharp rise in gross international reserves to operations of the Ghana Gold Board. Reserves have climbed to US$13.8billion, equivalent to 5.7 months of import cover, from US$8.9billion at the end of 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMr. Speaker, our reserves currently stand at US$13.8billion \u2013 up from US$8.9billion at the end of 2024. This provides 5.7 months of import cover. A major contributor to this progress has been establishment of the Ghana Gold Board,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since its formation, the Gold Board has facilitated the export of 103 tonnes of gold over a 10-month period, generating more than US$10billion in foreign exchange earnings. The formalisation process has also increased officially recorded shipments from the artisanal small-scale mining sector, which reached 66.3 tonnes by the end of 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Mahama backed the Finance Minister\u2019s Ghana Accelerated National Reserve Accumulation Policy, which sets a weekly gold purchase target of about 3.02 tonnes to support reserve build-up at the Bank of Ghana.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The president said the broader reform agenda is strengthening fiscal discipline. Ghana recorded a primary surplus of 2.6 percent of GDP in 2025, exceeding the 1.5 percent target, while the fiscal deficit narrowed to 3.1 percent \u2013 below the projected 3.8 percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cGrowth means nothing without discipline,\u201d President Mahama said, noting that reduced borrowing and improved spending controls are helping to lower interest rates and support private sector recovery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Click <a href=\"https:\/\/thebftonline.com\/2026\/03\/02\/mahama-reaffirms-commitment-to-sustaining-reforms\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong>here<\/strong><\/a> for source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President John Dramani Mahama used his 2026 State of the Nation address to reaffirm his administration\u2019s commitment to sustaining fiscal and structural reforms, saying government\u2019s reset strategy is delivering measurable gains for households and businesses.<\/p>\n","protected":false},"author":10,"featured_media":15292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-15291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":15170,"url":"https:\/\/gnbcc.net\/moving-beyond-stabilisation-to-structural-reforms-is-our-vision-president-assures-private-sector\/","url_meta":{"origin":15291,"position":0},"title":"Moving beyond stabilisation to structural reforms is our vision &#8211; President assures private sector","author":"Grace Agorigo","date":"February 27, 2026","format":false,"excerpt":"President John Dramani Mahama has said that the nation\u2019s economic transformation depends on moving beyond mere stabilisation to structural reforms. He said this could be achieved through strategic partnership between the government and the private sector, adding that \u201cstabilisation is not equal to transformation. We need to change our trajectory\u201d.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/EU-Global-Gateway-1-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/EU-Global-Gateway-1-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/EU-Global-Gateway-1-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/EU-Global-Gateway-1-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/02\/EU-Global-Gateway-1-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13985,"url":"https:\/\/gnbcc.net\/vat-reforms-take-effect-january-gra-boss-bill-before-parliament\/","url_meta":{"origin":15291,"position":1},"title":"VAT reforms take effect January &#8211; GRA boss &#8211; Bill before Parliament","author":"Grace Agorigo","date":"November 21, 2025","format":false,"excerpt":"The full implementation of the Value Added Tax (VAT) reforms proposed in the 2026 Budget is expected to begin on January 1, next year, the acting Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Kwasi Sarpong, has disclosed.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-5.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-5.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-5.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-5.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-5.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":12738,"url":"https:\/\/gnbcc.net\/president-mahamas-address-at-the-un-trumps-threat-africas-gain\/","url_meta":{"origin":15291,"position":2},"title":"President Mahama\u2019s Address at the UN: Trump\u2019s threat, Africa\u2019s gain","author":"Michael Teye","date":"October 3, 2025","format":false,"excerpt":"New York, September 25, 2025 \u2014 Ghana\u2019s President John Dramani Mahama delivered a bold, uncompromising address to the United Nations General Assembly, as the body marked 80 years of the Comity of Nations.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/Mahama.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":13550,"url":"https:\/\/gnbcc.net\/president-mahama-launches-infrastructure-plan-to-guide-big-push\/","url_meta":{"origin":15291,"position":3},"title":"President Mahama launches infrastructure plan to guide \u2018Big Push\u2019","author":"Michael Teye","date":"October 24, 2025","format":false,"excerpt":"President John Dramani Mahama has launched the Ghana Infrastructure Plan (GIP), a 30-year strategic blueprint designed to guide the nation\u2019s infrastructure development and end the cycle of abandoned and politicised projects.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/Article11.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/Article11.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/Article11.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/Article11.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/Article11.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":14529,"url":"https:\/\/gnbcc.net\/resetting-ghanas-economy-the-20-reforms-and-achievements-that-defined-2025\/","url_meta":{"origin":15291,"position":4},"title":"Resetting Ghana\u2019s Economy: The 20 reforms and achievements that defined 2025","author":"Michael Teye","date":"January 8, 2026","format":false,"excerpt":"After inheriting an economy weighed down by inflation above 23 percent, interest rates north of 30 percent, a sharply depreciating cedi, battered investor confidence, and unsustainable debt dynamics, the Mahama Administration moved with speed and clarity to stabilise the fundamentals and rebuild trust. At the centre of this recovery drive\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Risk-shar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Risk-shar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Risk-shar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Risk-shar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/Risk-shar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13965,"url":"https:\/\/gnbcc.net\/markets-expected-to-respond-positively-to-2026-budget\/","url_meta":{"origin":15291,"position":5},"title":"Markets expected to respond positively to 2026 budget","author":"Grace Agorigo","date":"November 21, 2025","format":false,"excerpt":"The 2026 budget is expected to draw a favourable response from investors as government moves to consolidate recent macroeconomic gains while easing pressures on businesses through targetted tax reforms, according to economic policy analyst Dr. Theo Acheampong.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/markets-expected.webp?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gnbcc.net\/wp-content\/uploads\/2026\/03\/mahama.png","_links":{"self":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/comments?post=15291"}],"version-history":[{"count":1,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15291\/revisions"}],"predecessor-version":[{"id":15294,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/15291\/revisions\/15294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media\/15292"}],"wp:attachment":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media?parent=15291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/categories?post=15291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/tags?post=15291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}