President John Mahama holds a 58.9% approval rating, primarily due to positive economic performance, according to the Institute of Economic Affairs (IEA). Samuel Manu, Head of Surveys at the IEA, stated that nearly three-quarters of approving respondents cited economic improvements as their main reason. This survey was conducted about 18 months into President Mahama’s current term.
The IEA survey highlighted that key economic indicators are positively influencing public opinion. Inflation has significantly decreased from approximately 23% at the start of the administration to about 3.4%. The Ghana cedi (GHS) has also appreciated by roughly 26% over the same period. These improvements have led to international agencies upgrading Ghana’s credit rating.
This strong approval for President Mahama reflects a broader narrative of economic recovery and stability in Ghana. The West African nation has been working to enhance its fiscal health and attract foreign investment. Robust economic data, such as reduced inflation and a stronger local currency, contribute to investor confidence and public well-being. These positive trends align with Ghana's long-term goals of sustainable economic growth and poverty reduction.
Samuel Manu confirmed these findings, explaining Ghanaians approve of the President's work mainly because of the economy. He noted these economic indicators point in the right direction. Unlike past periods where good economic data did not always translate to public satisfaction, respondents are judging the government on their everyday experiences, Manu added. The IEA did not provide respondents with economic indicators, allowing them to assess the situation based on personal impact.
The sustained economic improvements could bolster investor confidence and potentially lead to increased foreign direct investment (FDI). Decision-makers will closely monitor inflation stability and currency performance. Market participants will also watch for policy shifts that could affect these positive trends. The government will likely continue to emphasize these economic gains in public discourse.
While the current rating is lower than a 68% approval in December 2025, Manu still described the 58.9% figure as a “massive endorsement.” This is particularly significant given ongoing global and domestic challenges affecting economies worldwide. The IEA’s findings underscore the direct link between perceived economic conditions and political support in Ghana. Continued economic stability will be crucial for maintaining public approval and investor confidence.
The appreciation of the GHS and the drop in inflation rate signal a healthier economic environment. This stability helps businesses plan and expands purchasing power for consumers. These factors are critical for sustained economic development. Ghana's performance will be a benchmark for other developing economies facing similar challenges.