On September 23, 2026, President John Dramani Mahama participated in the US-Ghana Presidential Roundtable at the National Association of Securities Dealers Automated Quotations (NASDAQ). The event, organised by the US-Africa Chamber of Commerce, aimed to strengthen Ghana's economic and investment ties with the United States. During the discussion, President Mahama highlighted Ghana's economic potential, stating that the country is open for business. He made several claims about Ghana's economy, which GhanaFact has fact-checked.
GhanaFact reviewed the Ghana Investment Promotion Centre's (GIPC) Facebook page and found that Ghana recorded $2.62 billion in Foreign Direct Investment (FDI) in 2025. This figure is up from $1.7 million in 2024. President Mahama cited $2.5 billion in FDI for 2025, which is $120 million lower than the reported $2.62 billion. Therefore, his claim that Ghana received $2.5 billion in foreign direct investment is understated.
According to data from the Ghana Statistical Service (GSS), Ghana's year-on-year inflation rate had fallen to single digits since September 2025, at 9.4%. The rate continued to decline, reaching 8% in October, 6.3% in November and 5.4% in December 2025. In 2026, inflation fell further to 4.6% in July, before rising slightly to 5.0% in August 2026. This confirms President Mahama's claim that Ghana's inflation rate remains in single digits.
GhanaFact reviewed data from the International Monetary Fund (IMF) and found that Ghana is one of Africa's fastest-growing economies. In 2025, Ghana became the 8th largest economy in Africa with a nominal Gross Domestic Product (GDP) of $114.71 billion. The latest IMF 2026 data places Ghana 10th in Africa with a GDP of $118.29 billion. This confirms President Mahama's claim that Ghana is one of the fastest-growing economies in Africa.
The US-Ghana Presidential Roundtable at NASDAQ highlights the importance of strengthening economic ties between Ghana and the United States. The event provided a platform for President Mahama to showcase Ghana's economic potential and attract investment. The fact-checking of President Mahama's claims aims to provide accurate information to investors and stakeholders.
The Ghana Investment Promotion Centre's (GIPC) Annual Investment Report for 2025 showed a significant increase in FDI. The report highlights Ghana's attractiveness as an investment destination. The GIPC's data is an important source of information for investors and policymakers.
In conclusion, President Mahama's claims about Ghana's economy were mostly accurate. While his claim about FDI was understated, his claims about inflation and economic growth were confirmed by data from the GSS and IMF. The fact-checking exercise demonstrates the importance of verifying claims to ensure accurate information.
Key points
- President Mahama's claim about FDI was understated, with Ghana recording $2.62 billion in 2025.
- Ghana's inflation rate has remained in single digits since September 2025.
- Ghana is one of Africa's fastest-growing economies, with a GDP of $118.29 billion in 2026.
