President John Dramani Mahama has reaffirmed his government’s commitment to meeting all financial obligations, assuring bondholders that they will receive their full payments despite Ghana’s economic difficulties.
“Bondholders can rest assured that they will be paid to the last pesewa,” Mahama declared during his first State of the Nation Address (SONA) on Thursday, February 27, 2025.
His assurance comes amid heightened concerns over Ghana’s financial stability and the lingering effects of past debt restructuring on investors.
Mahama attributed much of the country’s economic challenges to the debt inherited from the previous NPP administration, citing a staggering GHC 70 billion debt in the energy sector alone.
“The past government left a GHC 70 billion debt in the energy sector, leaving agencies struggling to stay afloat,” he stated.
While acknowledging the severe economic hardships facing Ghanaians, Mahama stressed his commitment to implementing bold policies aimed at restoring stability and fostering economic recovery.
