President John Dramani Mahama has highlighted notable progress in reducing Ghana’s public debt, crediting disciplined fiscal management as a cornerstone of the government’s economic recovery efforts.
Speaking during his 2026 State of the Nation Address on Friday, February 27, Mahama told Parliament, “We have borrowed less and spent more responsibly,” emphasizing the administration’s commitment to prudent public finance management.
He detailed efforts to restructure debt, establish sinking funds for repayment, and implement policies that lower the debt-to-GDP ratio while restoring investor confidence.
The President stressed that these measures are not abstract figures but directly benefit citizens and businesses.
“This is not prudent governance. It is promise-keeping,” he said, underlining that disciplined fiscal policies have led to lower interest rates, a primary surplus of 2.6% of GDP, and reduced fiscal deficits.
Mahama described the progress as “one of the sharpest reductions of debt in Ghana’s history,” signaling a turning point in the nation’s economic management and a pathway toward sustainable growth.
He concluded that careful planning, transparency, and fiscal restraint have strengthened Ghana’s economic resilience and provided a firm foundation for continued recovery.
Source: Starrfm.com.gh
