‘This must be our last IMF bailout’ – President Mahama
President John Dramani Mahama has expressed optimism that Ghana’s engagement with the International Monetary Fund (IMF) could be the country’s last, urging prudent economic management to avoid repeated reliance on external financial assistance.
He made the remarks over the weekend during his “Resetting Ghana Tour” in the Savannah Region, where he cautioned against the cycle of seeking bailout support.
Addressing a town hall meeting in Bole on Saturday as part of his two-day tour, the President said Ghana must strengthen fiscal discipline and sustain ongoing economic recovery efforts following the completion of the country’s three-year IMF Extended Credit Facility programme.
According to him, the economy is currently showing strong signs of growth, and government is focused on consolidating those gains through targeted reforms initiated since he assumed office in 2025.
As part of the tour, President Mahama cut the sod for several development projects, including the Bole College of Education and a 24-hour economy market in Bole.
The proposed college, expected to accommodate about 1,500 students, is intended to expand access to teacher training and improve higher education opportunities in the Savannah Region.
He described the project as a long-standing ambition, noting that it was first conceived during his time as Member of Parliament for Bole-Bamboi.
The President also announced plans for a Technical and Vocational Education and Training (TVET) Centre of Excellence in Sawla, aimed at equipping young people with practical skills for the job market.
He further disclosed plans for a Busunu Girls’ STEM Senior High School, as well as a proposed science and technology university in the region, as part of efforts to expand STEM education and align training with labour market needs.
On healthcare, President Mahama said the ageing Bole District Hospital, constructed in the 1970s, would be replaced with a modern 150-bed facility to improve healthcare delivery in the area.
He also inspected ongoing work at the Damongo District Hospital, which is being upgraded into a regional hospital to serve as the main referral centre for the Savannah Region.
In addition, the President inaugurated an ICT centre in Damongo and assessed progress on key road projects, including the Sawla–Wa and Bole–Tinga roads.
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