President John Dramani Mahama says Ghana will not rush in returning to the international capital market despite recent signs of economic stability under his administration.
According to him, the most important thing for us to do at the moment is to remain focused on fiscal discipline and expenditure prioritization, rather than rushing back to external borrowing.
He disclosed this in response to a question posed to him during his media engagement held at the Jubilee House on Wednesday, September 10, 2025.
President Mahama said Ghana has survived without going to the capital market, hence he would not rush in doing that.
”We have survived without going to the capital market. We have survived without borrowing. Who would have thought some years ago that Ghana’s economy could be run without external debt financing and yet we have survived.”
He further noted that reforms implemented in recent months have allowed the government to reorder spending, directing funds into priority sectors while cutting back on what he described as needless public expenditure.
”We have survived without borrowing. We shouldn’t be in a hurry to go back to the capital market. It is all about fiscal discipline. For me as President, I will not favour a quick return to the capital market. We must consolidate our economy first before seeking external financing,” he added.
By: Rainbowradioonline.com/Ghana
