Mahama assures bondholders of full payment amid economic crisis

President John Dramani Mahama has assured bondholders that his government remains committed to honouring all financial obligations, despite the country’s ongoing economic challenges.

“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 as concerns grow over Ghana’s financial stability and the effects of past debt restructuring measures on investors.

Mahama highlighted the staggering debt inherited from the previous New Patriotic Party (NPP) administration, particularly in the energy sector, which he said is struggling under a GH₵70 billion debt.

“The past government left a debt of GH₵70bn in the energy sector; agencies in the sector are struggling to stay afloat,” he revealed.

Acknowledging the economic hardships faced by Ghanaians, the President reaffirmed his commitment to navigating the crisis with bold policies aimed at economic recovery.

In a move towards national unity, Mahama extended an invitation to the opposition NPP to actively engage in upcoming national economic dialogues. He stressed the importance of bipartisan collaboration in resolving Ghana’s financial crisis.

“It is my hope that our colleagues on the other side will participate in the economic dialogue, unlike the boycott of the Senchi Forum,” he stated.

“I will confront the economic crisis head-on and reset our country on the path of growth and prosperity,” he pledged.