Tag Archives: DEBT

Despite claims by the former Akufo-Addo administration that it had substantial reserves for debt payments, President John Dramani Mahama has revealed that Ghana’s Sinking Fund had a balance of just $64,000 and GHS143,000. On Thursday, February 27, 2025, President Mahama gave his first State of the Nation Address (SONA) of …

Government has defrayed approximately 2.5 billion cedis of its GH₵5 billion debts owed to the Social Security and National Insurance Trust (SSNIT) in the form of bonds. This was revealed by the Director-General of the Trust, Kofi Osafo-Marfo who says the payment followed a series of negotiations with government in …