President John Dramani Mahama has called for a comprehensive reset of the global financial system, which he says remains unfairly biased against Africa.
Delivering Ghana’s national statement at the 80th United Nations General Assembly, President Mahama emphasized the urgent need for greater African representation and influence in international financial institutions.
“We demand not only a reform of the UN Security Council, but also a reset of the global financial architecture, which is currently rigged against Africa. Africa must have a greater say in the world’s multilateral financial institutions,” he declared.
The President’s comments add to growing calls from African leaders for reforms within global governance and finance systems, including the IMF, World Bank, and credit rating agencies, which many argue perpetuate inequality between developed and developing nations.
Ghana’s Economic Recovery
President Mahama also used the platform to highlight Ghana’s recent economic progress under his leadership.
He noted that inflation has dropped sharply from 23.8% in December 2024 to 11.5% in August 2025, restoring price stability and improving the value of the Ghana cedi.
“Within just eight months, we have brought inflation under control and stabilized the cedi, which Bloomberg even ranked as the world’s best-performing currency at one point,” he said.
Mahama added that Ghana’s sovereign credit rating has improved, a signal of growing investor confidence in the country’s economic management. He also reiterated his government’s commitment to its flagship 24-Hour Economy Initiative, which he described as a key driver of inclusive and sustainable growth.
