The minority caucus in parliament has dismissed President John Mahama’s claims that Ghana’s debt servicing obligations over the next four years will cripple the economy, accusing him of fear-mongering and failing to acknowledge the government’s responsibility in managing debt.
Presenting the minority’s ‘True State of the Economy’ Address on Monday, March 03, 2025, Dr. Amin Adam criticized Mahama’s GH₵280 billion debt servicing projection, which includes GH₵150 billion in domestic debt and GH₵130 billion in external debt servicing, arguing that such obligations are not new to any government and should not be used to create panic.
“Ladies and Gentlemen, the president tried to scare the Ghanaian people about the country’s debt service obligation for the next four years, which, according to him, will amount to GH₵280 billion,” Adam stated.
He added: “Government at every time provides for debt servicing obligations, and the President is aware of this. We expect him to mobilize the funds and stop complaining—just as every government in Ghana has done to service our debts.”
Amin Adam reminded Mahama that the NPP government inherited significant debt from the NDC administration in 2017 but did not resort to complaints, instead focusing on stabilizing the economy and implementing policies to manage Ghana’s debt burden.
“The NPP did that when he left us with debts in 2017,” he fired back.
Adam emphasized that responsible governance requires strategic financial planning rather than fear-driven narratives, urging Mahama to offer solutions rather than paint a bleak picture of the economy.
Source: Channel1news.com
