President Mahama has pledged to honor Ghana’s debts and strengthen financial buffers for economic recovery. He cited improvements in debt servicing and stressed the need for fiscal discipline. The administration is prioritizing the restart of stalled infrastructure projects as a part of its debt management strategy.
On February 27, during his first State of the Nation Address, President John Dramani Mahama reaffirmed his government’s dedication to honoring Ghana’s debt responsibilities and strengthening the country’s financial buffers to facilitate economic recovery. He criticized the previous administration for the accumulation of debt and numerous stalled infrastructure projects, highlighting the need for improved fiscal discipline and proactive debt management. Mahama underscored that maintaining a robust Sinking Fund and ensuring timely debt repayments are essential for restoring Ghana’s economic credibility.
In conclusion, President Mahama’s administration is determined to enhance financial management and rebuild trust in Ghana’s economic commitments. By focusing on proactive debt repayment strategies and prioritizing stalled infrastructure projects, the government aims to facilitate economic recovery while ensuring fiscal discipline remains a core focus. The President’s efforts signal a commitment to restoring investor confidence and promoting sustainable economic growth in Ghana.
Original Source: gna.org.gh
