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President John Dramani Mahama has sounded the alarm over Ghana’s escalating debt crisis, describing it as a national emergency affecting key sectors of the economy, particularly energy. Delivering his first State of the Nation Address (SONA) of his second term before Parliament in Accra on Thursday, February 27, 2025, Mahama lamented that the country was facing an unprecedented economic challenge marked by unsustainable debt levels and the mismanagement of crucial state institutions. He disclosed that Ghana’s public debt had surged to GHS721 billion, warning that the burden was exerting severe pressure on the economy. “We are saddled with staggering debts…

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