At the 2025 African Development Bank (AfDB) Annual Meetings under the theme Making Africa’s Capital Work Better for Africa’s Development, President John Dramani Mahama delivered powerful news: Ghana has reduced its national debt by approximately GH₵150 billion in just five months.
This historic reduction is largely due to the strengthening of the Ghanaian cedi against major currencies like the US dollar bringing down the cost of servicing external debt and signaling renewed confidence in Ghana’s economy.
President Mahama’s announcement drew attention not just for the numbers, but for what they represent bold leadership, fiscal discipline, and a clear vision for sustainable development.
Adding to the optimism, Nigeria has fully repaid its $3.4 billion IMF emergency loan secured in 2020, further highlighting the growing financial resilience across West Africa.
These developments reflect a region turning the corner where capital, currency, and confidence are aligning to power Africa’s future from within.
