President John Dramani Mahama has defended the decision to scale down Ghana’s 68th Independence Day celebration, stating that it would have been “unconscionable” to spend GHS 20 million during the nation’s ongoing economic crisis. Speaking at the celebration held at the Jubilee House on Thursday, March 6, Mahama emphasized the importance of fiscal responsibility and prudent resource management. He noted, “This is necessary given the economic challenges our nation is currently facing. Large-scale celebrations often come with significant security and infrastructure costs, which put a strain on the national budget.”
“By reducing the scale of the commitment, we wish to demonstrate a commitment to fiscal responsibility and the efficient use of our limited resources,” Mahama stated. He underscored the need for careful financial management as Ghana navigates severe economic challenges.
Mahama recalled that the state spent GHS15 million on last year’s celebration in Koforidua and GHS13.7 million the previous year in Ho, Volta Region. Estimates for this year’s event at Independence Square suggested it would cost at least GHS20 million if held on the same scale.
“In a year when we are calling on all to sacrifice, including workers who have graciously accepted a base pay adjustment far below the rate of inflation, it is unconscionable to spend that kind of money on a few hours of celebration. Today’s event will save us 95% of the estimated cost of the event,” Mahama added.
By: Abigail Arthur
