President John Dramani Mahama says Ghana’s economy is entering a period of stability, with inflation falling sharply and the cost of goods and services easing across markets.

Addressing the nation during his Presidential Media Encounter on Wednesday, September 10, the President explained that his administration’s economic management strategy is focused on ensuring that ordinary households feel real relief, not just improvements in macroeconomic indicators.

“Our approach to economic management goes beyond improving the macroeconomic indicators.

It’s about making the Ghanaian household feel the impact in their everyday lives,” President Mahama stated.

“As the saying goes, the real economy is not in statistics, but in the pockets of the people.”

According to him, inflation has dropped significantly from 23.8 percent in December 2024 to 11.5 percent in July 2025 — the lowest level since December 2021.

He noted that this progress is being reflected in the stabilisation of market prices nationwide.

“The prices of key commodities have fallen and, for the first time in years, brands and businesses are actively advertising their price reductions.

This is a sign that recovery is not only real but tangible,” he said.

The President further disclosed that trade associations have submitted data to Parliament indicating that up to 4,500 different items on the market have recorded price reductions