President John Dramani Mahama has announced his administration’s commitment to providing technical and financial support to young fish farmers as part of efforts to boost the country’s agricultural sector.
Speaking during his State of the Nation Address (SONA) 2025 in Parliament on Thursday, February 27, he emphasized that empowering young farmers will be a key component of his government’s economic recovery plan.
The initiative aims to enhance fish farming practices, increase production, and improve food security while creating employment opportunities for the youth.
In addition to this pledge, President Mahama revealed that the 2025 budget will make provisions for allowances for assembly members, acknowledging their crucial role in local governance and community development.
This move is expected to ease financial constraints on local government representatives, ensuring that they are well-equipped to serve their constituents effectively.
The President also used his address to highlight the dire state of Ghana’s financial sector, despite the previous administration’s GHS29.9 billion expenditure on a financial sector cleanup exercise.
He revealed that debt servicing over the next four years is projected to reach GHS280 billion, with GHS150 billion allocated to domestic debt and GHS130 billion to external debt servicing.
Mahama stressed the urgency of stabilizing the financial sector and implementing policies that will restore investor confidence and prevent further economic deterioration.
