President Mahama And NDC Has NOT Borrowed 1 Cedi Almost 2Yrs With Stable Economy – Abdulai

In an Official Facebook Post on 23 October 2026, political commentator and activist Prince Issah Abdullai issued a bold public defense of the economic stewardship of President John Dramani Mahama and the National Democratic Congress (NDC) government. Abdullai commended the administration for maintaining economic stability and macroeconomic resilience nearly two years into its tenure, claiming that the government has refrained from issuing new high-interest sovereign debt or taking on commercial loans to fund public expenditure.

Posting under the declaration, “President John Dramani Mahama And NDC Has NOT Borrowed 1 Cedi Almost 2Yrs With Stable Economy,” Abdullai pointed to stabilized exchange rates, controlled inflation, and steady domestic revenue collection as evidence that the administration has successfully decoupled economic growth from aggressive debt accumulation. He argued that unlike previous governing periods characterized by heavy reliance on Eurobond issuances and high-cost commercial treasury borrowings, the Mahama-led government has prioritized domestic revenue mobilization, fiscal discipline, and expenditure rationalization to keep state operations running smoothly.

The social media declaration comes against the backdrop of ongoing national debates regarding Ghana’s post-debt restructuring recovery, public debt management, and sustainable fiscal policy. Following years of severe debt distress, International Monetary Fund (IMF) oversight, and restrictive capital market access, state financial authorities have faced intense pressure to maintain fiscal prudence, limit budget deficits, and rebuild foreign exchange reserves without increasing the burden on taxpayers or state debt portfolios.

Observers note that Abdullai’s assertion highlights the current administration’s public narrative surrounding fiscal discipline and expenditure control. While government communicators routinely emphasize reduced sovereign commercial borrowing and responsible resource allocation as major milestones of Mahama’s return to executive office, economic analysts and statutory records from the Bank of Ghana present a more nuanced picture. Independent financial reviews demonstrate that while international commercial market issuances have been suspended, the government continues to utilize domestic treasury bill auctions, statutory debt rollovers, and concessional multilateral disbursements to support budget execution and meet debt-service obligations.

At its core, Abdullai’s statement serves as a partisan defense designed to highlight a distinct contrast between current spending habits and past debt accumulation trends in Ghana. The core message underscores the administration’s policy objective of achieving economic self-reliance and stability through fiscal consolidation rather than external debt expansion.

The Facebook post has generated active debate across social media networks, economic forums, and political talk shows. Supporters of the NDC administration applauded the post, agreeing that visible currency stability and reduced borrowing have helped restore business confidence and protect public funds. Conversely, opposition communicators and fiscal commentators disputed the literal claim that “not one cedi” was borrowed, noting that regular short-term domestic market issuances and multilateral credit facilities remain standard instruments for national treasury management. Regardless of political interpretation, the post has elevated ongoing public discussions on government debt policy, domestic resource mobilization, and Ghana’s long-term economic path.

Source: Prince Issah Abdullai, Official Facebook Post, 23 October 2026

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