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Despite the nation’s current economic hardship, President John Dramani Mahama has reassured bondholders that his administration is still dedicated to meeting all financial commitments.
“Bondholders can rest assured that they will be paid up to the last pesewa,” On Thursday, February 27, 2025, Mahama made this announcement in his first State of the Nation Address (SONA).
His guarantee comes as worries about Ghana’s financial stability and the effects of previous debt restructuring policies on investors are mounting.
The energy sector alone was burdened with a GHC 70 billion debt, which has left agencies within the sector battling to function, Mahama said, highlighting the enormous debt load left by the former NPP administration.
“The past government left a debt of GHC 70bn in the energy sector; agencies in the sector are struggling to stay afloat,” he disclosed.
He pledged to address the problem head-on with audacious economic measures, acknowledging the extreme economic hardship that Ghanaians were experiencing but reaffirming his commitment to guiding the nation toward recovery.
In addition, President Mahama stressed the value of teamwork in resolving Ghana’s financial problems and called on the opposition New Patriotic Party (NPP) to take an active part in future national economic discussions.
“It is my hope that our colleagues on the other side will participate in the economic dialogue, unlike the boycott of the Senchi Forum,” Mahama said.
The then-opposition New Patriotic Party (NPP) boycotted the Senchi Forum, a nationwide discussion aimed at developing economic recovery strategies that took place in 2014 during Mahama’s first term.
Mahama’s appeal points to a fresh attempt at bipartisan cooperation in addressing the country’s present economic problems.
His most recent promises are in line with his larger “resetting agenda,” which aims to revive Ghana’s economy through sustainable growth, job creation, and structural reforms.
Source: Ghanatodayonline.com
