Aliko Dangote Praises Mahama Over Ghana’s Economic Turnaround

African business mogul Aliko Dangote has praised President John Dramani Mahama for what he described as a notable improvement in Ghana’s economic situation since the beginning of the current administration.

Dangote, one of Africa’s most prominent business figures, said the developments in Ghana demonstrate the important role that confidence and trust can play in economic management.

His comments came during the “Accra Reset: Full Circle – Making Global Development Work Again” event held in New York on Monday, September 21, 2026. The event took place on the sidelines of the 81st United Nations General Assembly.

Dangote praises Mahama’s economic management

Speaking at the event, Aliko Dangote commended President Mahama for what he characterised as a rapid turnaround of Ghana’s economy.

According to the businessman, the changes demonstrate that investor and public confidence can have a significant impact on the performance of an economy.

Dangote said he wanted to congratulate President Mahama for the progress he believes Ghana has made within a relatively short period.

He argued that the improvement was not the result of any extraordinary or mysterious intervention, but rather what he described as the implementation of appropriate economic measures and the restoration of confidence.

‘Money follows trust’

A central point in Dangote’s remarks was the relationship between trust and investment.

The businessman stated that “money follows trust,” suggesting that investors are more willing to commit capital when they have confidence in the leadership and direction of a country’s economy.

According to Dangote, Ghana’s experience illustrates how restoring confidence can contribute to improved economic conditions.

He said that when President Mahama took office, Ghana was facing significant economic difficulties.

However, Dangote argued that the administration’s approach to addressing those challenges had helped improve confidence in the country.

Dangote says Mahama faced a difficult economy

The African business magnate acknowledged that Ghana’s economic situation was challenging when President Mahama assumed office.

However, he said the President did not need to perform any extraordinary feat to address the situation.

Instead, Dangote said Mahama focused on what he described as doing the “right things” and building trust among economic stakeholders.

He maintained that this confidence was an important factor behind the changes he believes have taken place in Ghana’s economy.

Dangote’s comments therefore placed considerable emphasis on the relationship between government credibility, investor confidence and economic performance.

Confidence and investment

Investor confidence is an important factor in economic development because businesses and investors generally consider the stability and direction of an economy before committing significant capital.

Dangote’s comments suggest that confidence in Ghana’s economic management can encourage investors to increase their participation in the country’s economy.

For a country seeking to attract both domestic and international investment, confidence in fiscal policies, monetary management and broader economic direction can influence investment decisions.

The businessman therefore linked Ghana’s reported economic improvement to what he sees as increased trust in the current administration.

Mahama congratulated for economic progress

Dangote also used the occasion to congratulate President Mahama.

Addressing the President, he expressed his appreciation for the economic progress he believes has been achieved under the administration.

His comments provide an endorsement from one of Africa’s most influential business figures at a time when Ghana’s government is promoting its economic recovery agenda.

The remarks also come as the Mahama administration continues to promote its Resetting Ghana Agenda, which places significant emphasis on stabilising the economy and rebuilding confidence.

Ghana’s economic recovery agenda

The government has highlighted several economic indicators as evidence of improving conditions.

Among the indicators cited by President Mahama are increased foreign-exchange reserves, improved fiscal performance, declining inflation and appreciation of the Ghanaian cedi.

These indicators have formed part of the administration’s broader narrative about efforts to stabilise the Ghanaian economy.

However, the significance of individual economic indicators can vary depending on the period being examined, the methodology used and wider economic conditions.

Dangote’s comments were therefore primarily focused on the importance of confidence and trust in economic management rather than providing a detailed assessment of every economic indicator.

What Dangote’s comments mean for investors

Dangote’s remarks are particularly significant because of his position as a major African investor and businessman.

His business interests span several sectors across Africa, giving his comments considerable relevance to discussions about investment and economic confidence on the continent.

By highlighting trust as a factor in investment, Dangote drew attention to the relationship between government policies and private-sector decisions.

When investors have confidence in economic policies and the direction of government, they may be more willing to consider new investments, expand existing businesses or increase their financial commitments.

For Ghana, attracting investment remains an important part of efforts to create jobs, expand businesses and support economic growth.

Mahama administration seeks to restore economic confidence

The comments from Dangote come as President Mahama’s administration continues efforts under its Resetting Ghana Agenda to address economic challenges and improve confidence in the Ghanaian economy.

The government has repeatedly pointed to economic stabilisation as one of its key priorities.

The administration’s messaging has focused on restoring fiscal discipline, strengthening public finances, improving economic stability and creating an environment capable of attracting investment.

Dangote’s comments appear to reinforce the importance of confidence as part of that process.

Dangote: Ghana’s economic turnaround shows the importance of trust

For Dangote, the developments in Ghana demonstrate that economic management is closely connected to confidence.

He argued that President Mahama’s approach had helped convince people to have greater trust in the country’s economic direction.

The businessman maintained that this renewed trust has played a role in Ghana’s economic turnaround.

His remarks were made in an international setting in New York, bringing attention to Ghana’s economic situation during discussions involving global development and investment.

A positive message for Ghana’s investment climate

Dangote’s comments could also be viewed within the broader discussion about Ghana’s efforts to attract international capital.

Economic stability and investor confidence are important considerations for companies deciding whether to establish operations, expand existing businesses or invest in new projects.

Ghana has historically attracted investment across sectors including mining, manufacturing, agriculture, financial services, energy and infrastructure.

Improving confidence in the economy could therefore be important for the country’s efforts to attract additional private-sector investment.

Conclusion

Aliko Dangote has congratulated President John Dramani Mahama over what he described as a significant turnaround in Ghana’s economy.

Speaking in New York during the “Accra Reset: Full Circle – Making Global Development Work Again” event, Dangote said the Ghanaian experience highlights the importance of trust and confidence in economic management.

He acknowledged the difficult economic circumstances Ghana faced when Mahama assumed office but argued that the administration’s approach had helped restore confidence.

Dangote’s remarks come as the Mahama administration continues to promote its Resetting Ghana Agenda, with the government pointing to indicators such as stronger reserves, improved fiscal performance, lower inflation and a stronger cedi as signs of economic stabilisation.

While Dangote’s comments represent his assessment of Ghana’s economic progress, the country’s economic performance remains a subject that can be assessed through official economic data and indicators over time.

For Ghana, however, the emphasis on investor confidence highlights an important part of the country’s broader effort to attract investment and strengthen economic stability.

Source: 3News.com

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