@tech_twi Your mouth is like a drainage at Weija. Come home and try something stupid and you will see what will happen to you. If you are an animal, sorry, we are humans!
@Serwaa_Amihere Look at this one too. When the previous government abandoned hospitals like Afari military hospital and Tepa hospital which were almost 90% completed and rather chose to build the cathedral, did you question them? This government also has its priority projects too
More Good News for Ghana as S&P Upgrades Credit Rating, Citing Strong Progress Under Finance Minister Ato Forson
In a significant endorsement of Ghana’s economic recovery efforts, global credit rating agency S&P Global Ratings has upgraded the country’s foreign-currency sovereign credit rating from Selective Default (SD) to CCC+, reflecting renewed investor confidence and the positive momentum in economic management under the leadership of Finance Minister Dr. Cassiel Ato Forson.
The announcement, made on May 9, 2025, comes as Ghana makes decisive progress in restructuring its external debt and stabilizing its macroeconomic environment, following years of turbulence.
According to S&P’s latest report, Ghana’s negotiations with its remaining commercial creditors are nearing completion — a key milestone that has restored credibility and eased fiscal pressure.
S&P highlights that while challenges persist, the current administration’s firm commitment to reforms is yielding tangible benefits. Inflation, though still elevated at 22%, is steadily falling, driven by a strengthening cedi and lower energy prices.
This progress, according to the report, reflects strong policy direction from the Ministry of Finance under Dr. Ato Forson.
Dr. Forson’s stewardship has seen the launch of vital legislative reforms, including amendments to the Public Financial Management Act, reinstatement of fiscal rules, and steps to establish an independent fiscal council — measures aimed at ensuring prudent management of public finances.
Despite inheriting significant fiscal arrears, the government is prioritizing expenditure-led consolidation over aggressive tax hikes, in line with conditions under the IMF’s Extended Credit Facility (ECF) program.
The administration is targeting a primary surplus of 1.5% of GDP in 2025 and has committed to keeping expenditure growth below 10% annually over the next four years — a sharp departure from the 28% average increase seen over the past two decades.
S&P projects that Ghana’s public debt, net of liquid assets, will decline from 71.4% of GDP at end-2024 to 47.4% by 2028.
Interest expenditure, once a crippling 48% of government revenue in 2021-2022, has fallen to about 25% following the debt restructuring.
Inflation, though still above target, is expected to ease gradually as monetary policy credibility improves.
The upgrade by S&P is a strong signal to the international investor community and development partners that Ghana is turning a crucial corner.
While acknowledging lingering risks, including election-year spending pressures and external vulnerabilities, S&P notes that the country’s improving external metrics, steady policy reforms, and supportive growth outlook justify the new, higher rating.
With Dr. Ato Forson at the helm of the Finance Ministry, Ghana’s economic management appears firmly back on track — a development likely to further bolster investor sentiment and set the stage for sustainable, inclusive growth in the years ahead.
120 Days of Purposeful Leadership — A New Dawn for Ghana
Surely, we can all agree that 120 days into his presidency, President Mahama’s government is certainly onto a good start and firmly on course.
Yet, unsurprisingly, from the top brass of the NPP to its rank and file, we are witnessing a flurry of reactions, some laced with bitterness, others steeped in denial. Suddenly, those who once championed vindictive politics are now lecturing us on the place of retaliatory politics and tit-for-tat governance in our nascent democracy.
But Ghana has moved on. The politics of vision and yes true accountability is in place.
For the armchair critics, including the liars who spread falsehoods and rumours in the dark and yet refuse to be held accountable, they are all now struggling in the face of a new reality that indeed we can lead differently. We have demonstrated that we can lead with humility, compassion, respect and decorum, and yet remain firm, ensure discipline and uphold integrity.
I remember in some of my leadership and communication 101 articles, I emphasized that values matter. That principles define leadership styles. And that effective communication is not optional but is essential.
Today, as we commemorate 120 days of President Mahama’s administration, these truths are unfolding before our very eyes. Indeed, his legacy is already being written – not with lofty promises, but with practical, people-centered policies that speak for themselves.
From the National Economic Forum to the National Education Forum, from the groundbreaking Adwumawura programme to the One Million Coders initiative, from the Ghana Health Trust Fund (Mahama Cares) to the National Sanitary Pad Programme for schoolgirls. It is clear that this is not business as usual. We are witnessing a purposeful and most effective approach to governance.
And let us not forget: all of this is being done with a lean team of not more than 60 ministers. A government realigned for efficiency, committed to doing more with less.
There is a renewed sense of freedom in the air. A resurgence of accountability. An undeniable and refreshing feeling that Ghana is finally on a new path. A path towards a shared prosperity, rooted in stability, integrity and hope.
Yes, just 120 days in,the message is clear: President Mahama is not here to pander. He is here to lead. He is here to fight corruption. He will insist on doing what is right. He will uphold the law, operate within it, and demand the same of those who serve the public. Yes, everyone must be accountable.
And for those who doubted- those who dismissed him as too humble to be firm - watch closely. The whip will be cracked where necessary. But it will be done with fairness, with purpose, and always in service of the greater good.
Today, there is a renewed sense of freedom, a renewed sense of responsibility and accountability and a refreshing feeling that for the first time since Ghana voted massively against the NPP, Ghana is on to a new path, a path to prosperity and stability and it reflects in the approval ratings that President Mahama currently enjoys.
As we prepare to account for the Social Contract we offered the people of Ghana, I am filled with hope. Hope that we can dream again. Hope that our tomorrow will be better than our yesterday. Hope born not from slogans, but from substance.
Indeed, President Mahama is right: there is no room for complacency. But there is every reason for confidence. Today, under HE President John Dramani Mahama, we are on the threshold of a phenomenal opportunity to #ResetGhana and to restore dignity, discipline and development in every corner of this nation.
The journey has just begun. And the future is bright.
#MahamaThePresident
#actanonverba
@AnnanPerry Some of us are not in any of the platforms you are talking about, meanwhile we are also working on this space and other mediato spread the message and the good works of the government