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.
