Mahama Banks on Big Projects to Crush Ghana's Debt

President Mahama told African banking leaders about his borrowing plans on Monday. He wants future loans to fund projects that generate a return for Ghana. Infrastructure development will receive priority because these investments can generate returns that pay for themselves over time. The president spoke at development bank meetings held across the Ivory Coast. Smart borrowing involves investing in areas that generate steady income streams.

Mahama explained how toll roads can fund their construction costs through user fees. Revenue from highway tolls gets locked away to repay the original debt over 25 years. This system keeps projects from adding to government debt burdens. Airport terminal three at Kotoka and the new Tema Port used similar funding methods. Ghana Airports Company and port authorities partnered with private firms to build these facilities.

These major projects generate enough income to cover their costs without taxpayer support. Private partnerships helped construct valuable infrastructure while protecting public finances. Mahama believes this approach will keep national debt at manageable levels. Future borrowing must focus on productive investments rather than wasteful spending. Revenue-generating projects offer the best path toward sustainable economic growth.