President John Dramani Mahama has revealed that Ghana’s public debt has dropped by more than GHS113 billion within the first half of 2025; signaling renewed progress in the country’s economic reset agenda.
Addressing residents in the Oti Region on Friday, July 25, Mahama referenced the 2025 Mid-Year Budget Review presented to Parliament on his behalf by the Finance Minister, describing it as “the most anticipated Mid-Year Budget Review in recent years.” He noted that the general public response points to growing confidence in the government’s economic direction over the past 199 days.
“I am pleased to report that our reset agenda for the national economy is on track. The economy is showing signs of recovery and turning around,” Mahama stated.
He indicated that the country’s public debt has declined from 61.8% of GDP at the end of 2024 to 43.8% by June 2025, representing a reduction of over GHS113 billion.
In addition to the debt reduction, Mahama highlighted other improvements in Ghana’s macroeconomic indicators. Inflation dropped from 23.8% in December 2024 to 13.7% in June 2025, while the cedi appreciated by more than 40% against major international currencies; effectively reversing earlier depreciation trends from 2022 through 2024.
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“Ghana’s credit rating has improved from junk status to B- with a stable outlook,” he added.
Mahama affirmed that his administration remains committed to maintaining fiscal discipline in order to sustain a stable local currency and a resilient economy.
Source: Starrfm.com.gh
