President, John Mahama, says this year's Independence Day celebration was held in a modest durbar at Jubilee House, rather than the traditional Independence Square, due to the country's ongoing financial challenges.

Speaking during the 68th Independence Anniversary celebrations on 6th March, President Mahama revealed that a budget of GHC20 million had been proposed for the event if it were to be hosted at Independence Square.

"The State spent GHC15 million on last year's celebration in Koforidua and spent GHC13.7 million on the previous year's celebration in Ho in the Volta region. This year, we received an estimate of at least GHC20 million for holding the event at Independence Square on the same scale as the previous years, in a year when we calling on all to sacrifice" he said.

However, given the current economic situation, he said the decision was made to scale down the event and hold it in his office, ultimately saving an impressive 95% of the original budget.

"Today's event will save us 95% of the estimated cost of the event," he said.

This move, Mr. Mahama emphasised, was a necessary step to manage public funds responsibly while still honouring the significance of the national day.

"By reducing the scale of the event we wish to demonstrate a commitment to fiscal responsibility and limited use of our resources," he added.

The scaled-down event, which took place in a small durbar at Jubilee House, was attended by a limited number of dignitaries and officials.

President Mahama acknowledged the sacrifices the country is making to manage its financial difficulties but expressed his commitment to preserving the spirit of the day and the nation’s independence.

The President also noted that this decision reflects the government’s ongoing efforts to prioritise the welfare of Ghanaians during a time of economic hardship and find ways to solve the challenges the masses are confronted with.