President John Dramani Mahama has called on African leaders to resist allowing the continent’s debt burden to compromise its dignity or stall its development.
Speaking at the African Union’s Debt Conference in Lome, Togo, He stressed that debt, when properly managed, should be a tool for progress, enabling growth and creating opportunities.
“Our goal is not just to reduce our debts, it is to transform our economy. Debts must not erode our dignity or delay our development. It must finance opportunity and lay the foundation for intergenerational progress,” he stated.
He reaffirmed Ghana’s commitment to economic reform, saying the country is focused on restoring fiscal strength, improving governance, and ensuring that all citizens benefit from growth.
“Ghana is committed to rebuilding its fiscal buffers, strengthening our institutions, and promoting inclusive growth but our fiscal consolidation must not come at the cost of social protection,” the President said.
To ensure sustainable debt management without sacrificing development, the President outlined a three-point plan: “One, protecting investments in education, youth empowerment, and rural development. Two, enhancing debt transparency through the establishment of an independent fiscal council. And three, expanding the role of the Ghana Infrastructure Investment Fund to crowd in private capital.”
Source: Ghana/StarrFM 103.5FM/Mary Asantewaa Buabeng
