President John Dramani Mahama stated Ghana is shifting past stabilization in direction of a section of development and transformation, reaffirming his administration’s concentrate on job creation and financial enlargement.
Addressing staff on the Might Day 2026 celebrations held at Jackson Park, Koforidua, the President stated current macroeconomic positive factors should now be translated into improved lives for the individuals.
The nationwide occasion, organized by the Congress of Commerce Unions, was held on the outskirts of Accra for the primary time in recent times, a transfer the President described as a powerful sign that nationwide growth should be inclusive.
The Might Day 2026 celebrations have been held below the next themes: “Transitioning to development, jobs and sustainable livelihoods: Resetting Ghana past macroeconomic stability.”
“Ghana is not only in Accra. Ghanaian staff are in each nook of this nation and each area is an integral a part of the lives of its individuals,” he stated.
President Mahama advised the gathering that progress had been made in stabilizing the financial system since taking workplace, citing enhancements in inflation, rates of interest, fiscal self-discipline and financial stability.
“After I took workplace, my first job was to stabilize the financial system by lowering inflation, reducing rates of interest, and restoring fiscal self-discipline. In the present day, we’re making good progress.”
He described these achievements as “a decisive turning level,” however careworn that macroeconomic stability alone shouldn’t be sufficient.
“Stability is a basis, however not a house. The true job is to construct a greater life for our individuals on that basis,” he added.
The President stated the federal government is now targeted on turning stability into jobs and financial alternatives.
“Our mission is obvious. We need to flip stability into alternative. We do not simply handle the financial system, we develop it and create jobs and prosperity,” he stated.
He indicated {that a} new financial coverage will quickly be submitted to the cupboard and parliament, specializing in investing not less than 1% of gross home product (GDP) annually in areas with excessive job creation potential.
He additionally highlighted the federal government’s 24-hour financial coverage, not too long ago authorized by Parliament, as an vital technique to spice up productiveness and industrial development.
“We’re shifting past the normal eight-hour workday. We’ll assist the business with incentives equivalent to tax breaks and decrease electrical energy prices for corporations that function a number of shifts,” he stated.
President Mahama praised the resilience of Ghanaian staff and their contribution to nationwide growth, saying they have been the nation’s Most worthy asset.
He significantly recommended the engineers of the Ghana Grid Firm Restricted and the Volta River Authority for restoring the operation of the Akosombo Hydroelectric Energy Plant following the current fireplace incident.
“I want to commend our engineers who, by means of their ingenuity and exhausting work, have restored full operations. Their efforts exhibit that Ghanaian staff have an vital position to play in nationwide growth,” he stated.
He assured the general public that every one six generators on the Akosombo plant have resumed operation, restoring energy provide after the current disruption.
The President stated his presence in Koforidua was a part of a broader regional tour geared toward public engagement and analysis of main nationwide tasks.
He stated the tour would conclude with a gathering at Metropolis Corridor the place he would work together with staff, college students, merchants and conventional leaders from the japanese area.
President Mahama reiterated his administration’s dedication to inclusive governance and sustainable growth, emphasizing investments in worth addition, digital transformation and youth employment.
“A secure financial system should result in a greater life for our individuals. That’s the aim: to enhance livelihoods and safe a future for each household in Ghana,” he stated.
