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Ghana committed to responsible debt management & unified African voice at G20 Summit
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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.
Businessman Mr. Ibrahim Mahama has denied reports linking him to a takeover bid for the Volta Aluminium Company (VALCO).
His reaction follows a demonstration by members of the VALCO Labour Union today, during which some protesters alleged that Mr. Mahama was interested in acquiring the state-owned aluminium company.
In a statement issued by his Special Aide, Rafik Mahama, the businessman said he has “no such interest” and has not made any offer to acquire VALCO.
“The allegation is the latest in several vile attempts to impute the integrity of Mr. Ibrahim Mahama and subject him to needless public engagements,” the statement said.
The statement added that Mr. Mahama’s business track record speaks for itself, describing his companies as “some of the best-run operations across the African continent.”
It further noted that all of Mr. Mahama’s business interests were “legally commenced or acquired” and operate within the law a fact it said explains why his businesses have endured across seven election cycles.
“Mr. Mahama remains committed to contributing his quota to the development of Ghana by investing in business opportunities in Ghana and beyond,” the statement added.
The statement also disclosed that Mr. Mahama has instructed his lawyers to take the necessary legal action over the publication and allegations.
By Edem Mensah-Tsotorme
The leadership of Kristo Asafo has dismissed reports circulating on social media and in some media outlets that the late Apostle Kwadwo Safo Kantanka will be buried on July 30, 2026, describing the claim as false.
The current head of the Kantanka family and leader of Kristo Asafo, Kwadwo Safo Akofena Kantanka, addressed the issue during a press conference in Accra today.
He said no burial date has been set and urged members of the church and the general public to disregard any unofficial announcements.
“I urge the members of Kristo Asafo and the nation to disregard any burial date out there,” Akofena said.
He further stressed that neither the leadership of the church nor the Kantanka family has made any such announcement regarding the funeral.
According to him, all official funeral arrangements will be communicated only through a formal statement from the Kantanka family when the time is due.
Akofena Safo Kantanka said the family remains united in ensuring that the final funeral rites are conducted in a manner that befits the legacy of the late Apostle.
He called on Ghanaians to remain calm and wait for the official communication from the family, warning against the spread of misinformation.
Background
Apostle Dr. Ing. Kwadwo Safo Kantanka, founder and spiritual leader of Kristo Asafo Mission of Ghana, passed away recently, plunging the church and the nation into mourning.
The late Apostle was widely known not only as a religious leader but also as an industrialist, inventor, and founder of the Kantanka Group of Companies, which manufactures vehicles and other machinery in Ghana.
Since his passing, there has been heightened public interest in his funeral arrangements.
It would be recalled that a faction of the siblings and family led by former MP Adwoa Safo had earlier announced a proposed burial date and arrangements.
That announcement, however, has been rejected by the current leadership of both the church and the family.
By Edem Mensah-Tsotorme
