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SONA crafted to set up President Mahama – Economist
March 2, 2026
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SONA crafted to set up President Mahama – Economist

Money
Policy
Growth

Key Points

  • Economist Kwasi Nyame-Baafi criticized President Mahama’s State of the Nation Address (SONA) for suggesting Ghana's economic challenges were resolved in one year.
  • He argued the speech's wording might have been crafted to set the President up for criticism, not reflecting the full reality of Ghana's economic situation.
  • Nyame-Baafi highlighted Ghana's public debt rise from $29.2 billion in 2016 to $53.9 billion in 2022, attributing contributions to both NDC and NPP administrations.
  • He questioned why the SONA omitted recent public debt increases (GHS72 billion from May to September last year) and did not specify projects justifying the borrowing.
  • The economist also disputed the President's claim of Ghana ranking among Africa's top economies, referencing GDP figures from 2016 to the end of the NPP administration.

Why This Matters

This critique is significant for Ghana as it challenges the official government narrative on the nation's economic health and debt management. It fuels public discourse on transparency, accountability, and the accuracy of presidential addresses, which can influence investor confidence and citizen trust in economic policy. The debate over debt accumulation and economic performance is crucial for future policy decisions and political stability.

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