Accra, Ghana – May 29, 2025 — President John Dramani Mahama has announced a significant decline in Ghana’s national debt, revealing that the total debt burden has dropped by nearly GH₵150 billion over the past five months.
Speaking at a press briefing on the country’s economic outlook, President Mahama credited the reduction to the recent appreciation of the Ghanaian cedi and a series of strategic fiscal and monetary measures implemented by his administration.
According to the President, the combined impact of sound economic management, tightened public spending, and targeted reforms in the financial sector have helped stabilize the currency and ease the country’s debt burden.
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“This milestone is a testament to the resilience of our economic recovery agenda and the positive response of the markets to our disciplined approach,” he stated.
The announcement has been met with cautious optimism by economic analysts, who say continued consistency in policy implementation will be crucial to sustaining the trend.
With debt levels being a critical factor in Ghana’s economic health, this development may provide much-needed fiscal space for investments in infrastructure, healthcare, education, and social protection.
President Mahama reiterated his administration’s commitment to maintaining macroeconomic stability while ensuring inclusive growth for all Ghanaians.
Reporting for #MulticdbOnline