President John Dramani Mahama has reaffirmed his government’s commitment to maintaining inflation within single digits following a sharp decline in the rate to 3.2 per cent.
The president made the pledge during a citizen engagement at the University for Development Studies (UDS) on Sunday, April 19, 2026, as part of his Resetting Ghana tour in the Northern Region.
Mahama noted that inflation, which stood above 24 per cent when his administration assumed office, has now been brought down to under 4 per cent, describing the achievement as a result of disciplined fiscal management and prudent economic policies.
“We’ve been able to manage the petroleum prices so that we cushion our citizens and prevent inflation from going back up to the levels that we came to meet it,” he said.
“When we came into office, inflation was running above 24%; it has been brought down to under 4%, and we intend to keep it there. We have done this by just being fiscally disciplined,” he added.
The president attributed the success to deliberate efforts to control public spending and limit excessive borrowing, especially at a time when Ghana’s access to international capital markets remains restricted due to ongoing debt challenges.
He emphasised that sustaining single-digit inflation remains a top priority for his government to ensure economic stability and protect the living standards of Ghanaians.