Mahama’s First SONA to Focus on Economic Recovery, Policy Direction
As President John Dramani Mahama delivers his first State of the Nation Address (SONA) tomorrow, expectations are high for clarity on Ghana’s economic future. His recent remarks on the state of the economy—describing it as “criminally mismanaged” under the previous New Patriotic Party (NPP) administration—have sparked widespread debate.
Last week, during a meeting with labour unions, President Mahama stated, “We all knew the economy was in crisis, but some of the things I am uncovering myself have been a criminal mishandling of our economy. Ghana is now a crime scene.” His strong words have heightened anticipation for his address, where he is expected to present evidence backing his claims and outline his administration’s economic recovery strategy.
Labour unions are particularly keen on hearing how the government plans to alleviate the high cost of living and reinstate dismissed workers. With just seven weeks in office, the National Democratic Congress (NDC) administration is under intense scrutiny to fulfill its campaign promises, particularly in stabilizing the economy, curbing inflation, and promoting business growth.
Industry leaders and economic analysts are watching closely for clear policy directions, fiscal strategies, and economic growth initiatives. Investors and financial institutions seek assurances of stability, lower lending rates, and regulatory measures that will restore confidence in Ghana’s financial markets. The construction industry, meanwhile, is expecting government-backed initiatives to boost affordable housing projects, improve road networks, and stimulate job creation.
President Mahama’s address is expected to outline his administration’s roadmap for economic recovery, including tax relief measures for businesses, incentives for foreign direct investment, and interventions in Ghana’s digital economy. With inflation still a concern and consumer purchasing power recovering, the business community hopes for policies that will reinforce macroeconomic stability and foster sustainable growth.
As Ghanaians await the President’s address, there is a strong demand for immediate and practical solutions to ease economic pressures. Investors, businesses, and households alike are looking for decisive action that will spur economic revitalization.
Mahama’s SONA could set the tone for Ghana’s economic trajectory in 2025 and beyond, making it a defining moment for his administration’s success in restoring economic stability and growth.
