President John Dramani Mahama has defended the decision to scale down Ghana’s 68th Independence Day celebration, citing the need for fiscal responsibility and prudent resource management amid the nation’s ongoing economic crisis.
Speaking at the 68th Independence Day celebration at the Jubilee House, Mahama stressed the importance of fiscal responsibility and prudent resource management.
“This is necessary considering the economic crisis our nation is currently experiencing. Large-scale celebrations often come with significant security and infrastructure costs, which strain the national budget.”
He added, “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 underscored the need for careful financial management as Ghana navigates severe economic challenges. He 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.
Mahama emphasized that spending such a large amount would be unjustifiable, especially when workers have accepted a base pay adjustment below the inflation rate.
“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,” he added.