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Mobilise the funds as every gov’t has done to service our debts – Amin Adam to Mahama
Former Finance Minister Dr Mohammed Amin Adam has challenged President John Dramani Mahama’s concerns over Ghana’s debt service obligations, urging him to mobilise funds as every government has done in the past to meet these commitments.
Presenting what they call the “True State of the Nation Address” on Monday, March 3, Dr Amin Adam dismissed the President’s warning about the country’s projected debt servicing obligations, arguing that debt management is a routine responsibility of any administration.
President Mahama recently raised alarm over Ghana’s debt servicing obligations for the next four years, estimating that the government would need GH₵280 billion—comprising GH1₵50 billion for domestic debt and GH₵130 billion for external debt.
According to Dr Amin Adam, however, such obligations are not unusual and should not be used to instill fear in the public.
“The President tried to scare the Ghanaian people about the country’s debt service obligations for the next four years. Government at every time, provides for debt servicing obligations, and the President is aware of this. We expect him to mobilise the funds as every government in Ghana has done to service our debts,” he stated.
According to him, the New Patriotic Party (NPP) also did the same when the National Democratic Congress left power with debts in 2017.”
He further highlighted that the NPP administration’s debt management strategies had led to a significant reduction in Ghana’s debt levels and debt servicing burdens. “Through negotiations, Ghana successfully rescheduled its $5.4 billion debt owed to official bilateral creditors until after 2026.”
“The Agreement we reached with the Official Creditors Committee for Ghana entails a rescheduling of all debt service (principal & interest) falling due between December 20, 2023, and December 31, 2026. As a result, no debt service under bilateral debt will be paid until after 2026, including the debt we didn’t pay in 2023 since we declared the debt standstill.”
Dr Amin Adam further outlined the terms of the rescheduling, noting that the deferred amounts would be repaid in two installments—16 and 17 years after their original due dates—with interest rates ranging between 1% and 3%.
He stressed that this agreement applies to all official bilateral creditors and ECA-backed facilities signed and disbursed before the end of 2022.
“This provides breathing space for the current government,” he emphasised, adding that the debt service relief from these negotiations amounts to $2.8 billion.This is money that the government of Ghana would have paid but which now stands as savings to the country,” he added.
Dr Amin Adam urged President Mahama to focus on effective economic management rather than stirring fear about debt obligations that governments must automatically address.
Source: Myjoyonline.com
The Ghana Police Service has arrested three (3) suspects in connection with a case of possession of narcotic drugs and engaging in prohibited drug-related activities within the Accra metropolis.
On April 10, 2026, the Special Operations Assistant to the Inspector General of Police received intelligence that a group of individuals were planning to engage in the sale of suspected narcotic drugs at Dzorwulu in Accra.
A surveillance operation was mounted and on 11th April 2026, a Police team proceeded to the area and arrested two suspects, Bright Ayivor and Ifeanyi Ijeoba.
The suspects were found in possession of twenty-two (22) compressed substances suspected to be cocaine, which were being prepared for sale to a prospective buyer.
Further interrogation of the suspects led to the identification of a third suspect, Kwabena Botwe as a key figure in the drug trade.
A follow-up operation at Caprice resulted in his arrest after Police mounted surveillance during a planned transaction involving proceeds from the sale of the suspected drugs.
The suspect later led Police to his residence at Greda Estates, where a search resulted in the retrieval of an amount of GHc400,000 and a counting machine.
According to the police, during the operation, he attempted to bribe the arresting officers with an additional GHc420,000, which has been retained as evidence.
All the suspects are currently in Police custody assisting investigations and will be put before the court.
The Inspector General of Police (IGP), Mr. Christian Tetteh Yohuno, yesterday April 14, 2026, promoted seven officers of the Tema Regional Police Command to their next ranks for their role in a recent anti-robbery operation in Tema.
The promotions were awarded to officers who responded to a robbery attack on a Mobile Money vendor at Tema Community 5 leading to the shooting of two robbery suspects and the recovery of a firearm, ammunition, and other exhibits.
The officers promoted are Chief Inspector Enoch Nartey Nuer, Inspector Gershon Dekpey; Inspector Prince Asante; No. 45881 Sergeant Lukman Mohammed; No. 49900 Sergeant Eugene Kuudouru; No. 54157 Corporal Jerome Akator; and No. 59882 Lance Corporal Jonathan Sewurah.
The IGP, together with members of the Police Management Board (POMAB), congratulated the officers on their promotion and commended them for their courage, discipline, and commitment to duty.
The IGP urged the officers to view their promotion as a call to higher responsibility and encouraged all personnel to continue working with dedication and professionalism in the service of the nation.
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