Excessive borrowing ‘cracked’ Ghana’s economy under Akufo-Addo – Haruna Iddrisu

Education Minister Haruna Iddrisu has accused the previous government under former President Nana Akufo-Addo of excessive borrowing, which he claims "cracked" Ghana's economy. Iddrisu criticized the NPP for their management of public debt, stating that the country had since become debt-sustainable and out of distress. In a recent interview on JoyFM, Iddrisu defended the Mahama administration's economic performance, highlighting improvements in currency stability that enabled businesses to plan and manage their costs.

On a positive note, the IMF has revised Ghana's economic growth forecast for 2026 upwards to 5.7%, up from the previously projected 4.6%. The new projection also sees year-end inflation dropping to 4.8%, despite global economic pressures and uncertainty. These optimistic forecasts were released in the IMF's latest economic outlook report during the Annual IMF/World Bank Meetings in Bangkok, Thailand.