Deputy Finance Minister Thomas Nyarko Ampem has dismissed assertions by former Finance Minister Mohammed Amin Adam that Ghana's recent reduction in public debt was achieved through debt cancellation agreements initiated under the previous administration.
Addressing Parliament during the conclusion of the 2025 Mid-Year Budget Review debate, Mr.
Nyarko Ampem firmly challenged the narrative, stating: "Mr.
Speaker, I want to state emphatically that the reduction in Ghana's public debt level, from GH₵726.7 billion in December 2024 to GH₵613 billion as at the end of June 2025, has nothing to do with any purported debt cancellation." He emphasised that the reduction was the result of deliberate and disciplined fiscal management under the leadership of the current Finance Minister, Dr.
