As President John Dramani Mahama presents the State of the Nation Address (SONA) later today, expectations are centered on prudent economic management, measures to ease the high cost of living, and job creation. Labour unions, businesses, and industry leaders are eager to hear how his administration plans to stabilize the economy, curb inflation, and drive growth amid Ghana’s current economic challenges.
With just over seven weeks in office, the National Democratic Congress (NDC) government is under intense scrutiny to deliver on its campaign promises. Labour unions are particularly focused on policies that will provide relief to struggling households and reinstate dismissed workers, while investors and financial institutions seek assurances on economic stability and regulatory reforms to restore confidence in Ghana’s markets.
Beyond these immediate concerns, there is strong anticipation that President Mahama will provide evidence supporting his recent claim that the economy was “criminally mismanaged” under the previous New Patriotic Party (NPP) administration.
“We all knew the economy was in crisis, but some of the things I am uncovering myself amount to a criminal mishandling of our economy. Ghana is now a crime scene,” President Mahama stated last week while addressing labour unions during discussions on a proposed 10% increase in basic salaries.
His remarks have ignited widespread debate, with critics and stakeholders expecting detailed figures and policy directions to substantiate his claims. The address is also anticipated to outline the true state of the economy, the government’s stabilization roadmap, and plans to improve livelihoods.
As Ghana navigates its economic recovery, today’s SONA could set the tone for the country’s financial trajectory in 2025 and beyond, making it a defining moment for Mahama’s administration.
Industry players and analysts will be closely watching for policy clarity, fiscal strategies, and growth initiatives that will shape Ghana’s path to economic recovery. Critics expect President Mahama to present detailed figures and policy directions to substantiate his claims of economic mismanagement by the previous administration. His address is anticipated to outline the true state of the economy, the government’s stabilization roadmap, and plans to improve livelihoods.
With investor confidence and business operations hinging on economic sentiment, the coming weeks will be pivotal in shaping Ghana’s financial landscape. Banks and investors, particularly in the wake of recent financial sector reforms, are looking for assurances of stability, lower lending rates, and regulatory measures to restore confidence in the financial markets.
The construction industry, on the other hand, is expecting government-backed initiatives to boost affordable housing, create jobs, and invest in infrastructure development. Improved road networks and public infrastructure spending could provide much-needed economic stimulation.
President Mahama’s address is also expected to highlight job creation strategies, social welfare programs, and policies aligned with the NDC’s vision for Ghana’s development. Key talking points may include tax relief measures for businesses, incentives for foreign direct investment, and interventions in Ghana’s growing digital economy.
With inflation still a concern and consumer purchasing power gradually recovering, the business community is eager for policies that will strengthen macroeconomic stability and drive sustainable growth. Fiscal discipline and prudent government spending will be crucial in ensuring long-term economic recovery.
As the nation awaits the address, there is strong demand for immediate, actionable solutions that will ease economic pressures. Business owners, investors, and ordinary Ghanaians hope that Mahama’s SONA will go beyond rhetoric, delivering tangible policies that will impact businesses and households positively.
The SONA could set the tone for Ghana’s economic direction in 2025 and beyond, making it a defining moment for the country’s future prosperity.
