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Ghana committed to responsible debt management & unified African voice at G20 Summit
President John Mahama has reaffirmed Ghana’s commitment to responsible debt management and inclusive economic growth, emphasising the country’s ongoing efforts to enhance fiscal stability and create a prosperous future for all Ghanaians.
Speaking at an African Union Conference on Debt in Lomé, Togo, President Mahama emphasised the importance of a united African front in addressing debt challenges and advocating for fair global financial solutions.
President Mahama stated, “Ghana, under my leadership, is committed to and already rolling out policies to rebuild its fiscal buffers, strengthen institutions, and promote inclusive growth.”
He acknowledged the potential impact of fiscal adjustments on social protection programs, underscoring his government’s commitment to a transformation agenda that prioritises long-term economic stability and intergenerational progress.
“In Ghana, we are prioritising value-added agriculture, renewable energy, and digital infrastructure—all sectors that yield multiplier effects in jobs, exports, and innovation,” President Mahama explained.
He outlined the key pillars of Ghana’s ‘Reset Agenda,’ designed to achieve sustainable and inclusive development: protecting investments in education, youth empowerment, and rural development; ensuring that all Ghanaians have the opportunity to participate in and benefit from the nation’s economic progress; enhancing debt transparency through the establishment of an independent fiscal council; promoting accountability and informed decision-making in public finance management; expanding the role of the Ghana Infrastructure Investment Fund to attract private capital; and facilitating strategic investments in critical infrastructure to drive economic growth and create jobs.
President Mahama commended the African Union Commission for organising the High-Level Conference. He recognised the conference’s theme, “Africa’s Public Debt Management Agenda in Restoring and Safeguarding Debt Sustainability,” as a critical call to action.
“This is not just a technical theme; it is a call to confront one of the most defining challenges of our generation,” he stated.
Looking ahead to the 2025 G20 Summit, President Mahama urged African nations to forge a common position advocating for timely, fair, and transparent debt restructuring frameworks. He emphasised the necessity of standardised debt.
President John Dramani Mahama has held bilateral talks with the President of South Korea, Lee Jae Myung, reaffirming the strong ties and shared values that continue to define relations between Ghana and South Korea.
During the discussions, President Mahama highlighted the historic connection between the two nations, noting their common commitment to democracy, human rights, and a shared historical experience.
He emphasised the opportunities for deeper cooperation, stating that Ghana’s rich natural and human resources, combined with Korea’s technological expertise and innovation, present a strong foundation for a mutually beneficial partnership.
The President also underscored Ghana’s strategic role within the African market through the African Continental Free Trade Area, whose secretariat is headquartered in Accra, positioning the country as a gateway for production and exports into a market of over 1.4 billion people.
President Lee Jae Myung, in his remarks, described Ghana as a country that holds a special place in the hearts of many Koreans, highlighting decades of cooperation in areas such as maritime security, trade, and agriculture.
He also reflected on the longstanding cultural and economic connection symbolised by the popular “Ghana” chocolate brand made from Ghanaian cocoa, which has been enjoyed in Korea for over five decades.
Both leaders expressed optimism about expanding people-to-people exchanges, cultural engagement, and economic collaboration, with President Lee noting that President Mahama’s visit provides a timely opportunity to deepen practical cooperation that will directly benefit the citizens of both nations.
The Ministry of Foreign Affairs has been informed by the relevant authorities in the United Arab Emirates that two Ghanaian nationals sustained injuries following a drone incident in the vicinity of Dubai International Airport earlier today, March 11, 2026.
Against this backdrop, the Government of Ghana has strongly condemned any act that endangers civilian lives and critical infrastructure.
In a statement issued by the Ministry of Foreign Affairs today, March 11, such incidents pose serious risks to public safety and underscore the importance of ensuring the protection of civilians and vital international transport hubs.
Ghana’s Ambassador in the United Arab Emirates has led a delegation of the Embassy in Abu Dhabi and Consulate in Dubai to visit the two injured Ghanaians in hospital.
Their injuries are not critical and are expected to fully recover soon.
“We therefore urge calm as we continue to extend consular assistance and collaborate closely with host authorities,” the statement added.
The Ministry has revealed that they are closely monitoring the situation and will continue to engage with the appropriate authorities as required.
The Government of Ghana expresses its concern over the incident and conveys its thoughts to the injured individuals and their families.
The Ministry of Foreign Affairs reiterates the Government of Ghana’s commitment to the protection and welfare of Ghanaian citizens wherever they may be.
The Government of Ghana is actively supporting ongoing consultations within the UN to pass a resolution seeking a cessation of hostilities.
According to the Ministry they are offering the necessary leadership and coordination with Ghana’s diplomatic Missions and will provide updates on the matter as and when the need arises.
Government has reiterated its call for Nationals in the Gulf region to always exercise heightened vigilance and comply with directives from Ghanaian Embassies and local authorities.
