President John Dramani Mahama has announced a significant reduction in Ghana’s national debt, stating that the country’s debt burden has decreased by nearly GH₵150 billion over the last five months.

According to the former president, this sharp decline is largely due to the recent appreciation of the Ghana cedi and the implementation of sound fiscal and monetary policies under his administration.

Speaking on the country’s economic progress, President Mahama emphasized that these outcomes were not accidental but rather the result of “strategic decisions and deliberate efforts to stabilize the economy and restore investor confidence.”

“The strengthening of the cedi and the significant drop in our debt stock are signs that Ghana is on a strong path to recovery,” he remarked.

This development has sparked national discourse, especially as citizens and stakeholders closely monitor the country’s economic trajectory ahead of upcoming fiscal policy reviews and the next general election