President John Dramani Mahama has reaffirmed his adherence to Ghana’s two-term presidential term limit.

In a statement issued by the Presidency, the President stated that his absence from the 2028 ballot would put him in a stronger position to enforce fiscal discipline and curb the perennial election-year overspending that had fueled cyclical economic crises.

During a bilateral meeting with Singaporean President Tharman Shanmugaratnam on a three-day state visit to Singapore, President Mahama decried the practice of incumbent governments circumventing fiscal safeguards to curry favour with voters.

He pledged to hold the line in the run-up to the 2028 polls; saying “I will not be a candidate in the next elections and therefore I can hold the line when it comes to fiscal discipline.”

He also highlighted the gains his administration had recorded since his return to office following a landslide victory in the 2024 elections, citing rapid declines in inflation and interest rates, as well as a significant appreciation of the cedi.

President Mahama’s remarks contradict claims by members of the opposition New Patriotic Party (NPP) that he intends to seek a third term after his current and final tenure.

The bilateral talks in Singapore focused on economic cooperation and investment.