Ghana's Debt Slashed by GHS150 Billion Thanks to Cedi's Strength

Ghana's Cedi Strength Reduces National Debt by GHS150 Billion: President Mahama's Announcement Ghana's economy has received a significant boost following President Nana Akufo-Addo's announcement that the cedi's recent strengthening has reduced the country's total debt by almost GHS150 billion. This positive development comes as a result of several key economic measures implemented by the government. "The strength of the cedi has significantly reduced the burden of our national debt," stated President Mahama in a recent interview. "This is a testament to the effectiveness of our economic policies and our commitment to fiscal responsibility." The government's efforts have focused on strategic debt restructuring, with a large portion of the debt already restructured. This has allowed the government to allocate more resources towards infrastructure development and other key economic sectors. The reduction in debt is a significant step towards achieving long-term economic stability and growth in Ghana. The government continues to work on sustainable debt management strategies to ensure the country's economic progress continues.