Only $64,000 and GHS143m left in sinking fund – Mahama reveals

President John Dramani Mahama has disclosed that Ghana’s Sinking Fund holds just $64,000 and GHS143,000, contradicting claims by the previous Akufo-Addo administration that it left substantial reserves for debt repayment.

In his State of the Nation Address on February 27, 2025, Mahama highlighted the country’s mounting debt burden, warning that Ghana must make sacrifices to repair economic mismanagement.

He revealed that over the next four years, Ghana’s debt servicing will total GHS280 billion—with GHS150 billion for domestic debt and GHS130 billion for external debt.

Mahama called for urgent measures to stabilize the economy and address the financial strain.