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Thursday, October 23, 2025

Ghana not in a hurry to borrow from international capital market

President John Dramani Mahama President John Dramani Mahama

President John Dramani Mahama has stated that his government is ready to generate revenue internally for its Big Push initiative, which aims to enhance national connectivity and economic development.

Speaking at the official launch of the Ghana Infrastructure Plan (GIP) held in Accra, the president noted that his government is not ready to borrow money from the international capital market so far as the Big Push agenda is concerned.

He explained that ever since the launch of the Big Push agenda on September 16, 2025, the country has not borrowed a single dollar from the international market.

“…With the kind of infrastructure we are doing, we are out of the international capital market. We are not borrowing one single dollar from outside for the big push,” he said.

The president also noted that he is certain his administration can construct the necessary infrastructures under the Big Push agenda without returning to the international capital market.

“And so somebody asked me, when are you going to return to the international capital market? I said, we’re not in a hurry at all, because I never knew that you could survive without going to borrow for infrastructure. So far, we’re doing good, and we’ll continue to keep our foot on the pedal,” he added.

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