President John Dramani Mahama has expressed surprise at the speed of Ghana’s economic recovery, describing the turnaround as faster than he had personally anticipated and one that has attracted admiration from major international financial institutions.

Assessing Ghana’s economy under President John Mahama remains premature, though early indicators appear encouraging, former GNPC chief executive Dr Kofi Koduah Sarpong has said.

Speaking in a televised discussion with journalist Umaru Sanda, Dr Sarpong said initial economic signals under the Mahama administration point to relative improvements in key macroeconomic areas, including the exchange rate, interest rates and inflation.

“I think it’s too early, but there are obviously good signs,” he said, urging observers to acknowledge recent gains while remaining cautious about long-term outcomes.

Dr Sarpong, however, raised questions about the sustainability of the apparent stability, noting that debates persist over the government’s interventions in the economy. He stressed that while policy actions may be yielding short-term relief, their durability must be carefully assessed over time.

Responding, Sanda agreed that sustainability remains central to the discussion, particularly amid concerns about market interventions.

Dr Sarpong cautioned against drawing hasty conclusions, arguing that economic management should be evaluated holistically, taking into account the full range of fiscal, monetary and structural factors shaping Ghana’s recovery trajectory.

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