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Debt restructuring was my darkest moment – Akufo-Addo
['Salome Sakyi']
The Ghana Report
Former President Nana Addo Dankwa Akufo-Addo has opened up about the emotional toll of Ghana’s debt restructuring journey, calling it one of the most difficult moments of his presidency.
By 2024, the country had restructured $13 billion in Eurobonds, unlocking $10.5 billion in external debt service relief through 2026.
Beyond Ghana’s experience, Nana Akufo-Addo argued that Africa’s $1 trillion debt burden reflects a broken global financial system.
He urged world leaders to see debt relief not as charity but as justice, proposing a new framework that links debt cancellation to climate resilience and green investment.
He also called for immediate debt service suspension and reforms to make the system fairer.