Mahama: Cutting ministers, restructuring debt is rebuilding Ghana

The Smith Maneuver isn’t about taking on more debt. It’s about restructuring debt intelligently. Instead of rushing to eliminate your mortgage, you gradually convert inefficient debt into productive debt. As your mortgage balance goes down, you re-borrow that same amount and invest it. Over time: • Non-deductible mortgage debt shrinks • Tax-deductible investment debt grows • Your home still gets paid off • Your investments grow alongside it This strategy rewards patience, discipline, and long-te