President John Dramani Mahama has assured bondholders that his government remains committed to honouring all financial obligations, despite the country's current economic distress. "Bondholders can rest assured that they will be paid up to the last pesewa," Mahama declared during his first State of the Nation Address (SONA) on Thursday, February 27, 2025.
His reassurance comes amid growing concerns over Ghana's financial stability and the impact of past debt restructuring measures on investors.
Mahama highlighted the massive debt burden left by the previous NPP administration, stating that the energy sector alone was saddled with a GHC 70 billion debt, which has left agencies within the sector struggling to survive. "The past government left a debt of GHC 70bn in the energy sector; agencies in the sector are struggling to stay afloat," he revealed.
He acknowledged the severe economic hardship faced by Ghanaians but reaffirmed his commitment to steering the country toward recovery, pledging to confront the crisis head-on with bold economic policies.
