An Associate Professor of Economics at ISSER, Charles Godfred Ackah has described as ‘too wicked’, government’s decision to implement a debt restructuring programme.
According to him, the policy benefits international investors more than domestic ones.
He made this assertion on Joy FM’s Super Morning Show on Tuesday.
“I think this debt restructuring programme gives much more confidence to international investors than to the domestic investors, private and households and we need to look at it again.
“I think that it is too severe, wicked and it’s going to cause a lot of dislocation,” he said.
Explaining his position, Prof Ackah said the programme is going to impose serious costs on the social lives of the citizenry.
He stressed that the country is in economic crisis, thus, government must be sensitive and companionate towards the people.
“This is a country that just came out of painful years. We had 'dumsor' for close to five years, businesses were yet to recover and Covid-19 came. And prior to that there was the financial sector clean-up. People’s investments are still locked up and others have still not recovered from it.
“People have lost their businesses and jobs. So whenever you’re taking such measures you need to be careful,” he noted.
Latest Stories
-
Akufo-Addo’s tenure has left Cocoa communities poorer, says Joyce Bawah
2 mins -
Suspension of Foreign Exchange Licence does not affect normal banking operations – CBG
16 mins -
Over 1K SMEs assessed for technical support to export in short and medium terms – GEPA
42 mins -
Lydia Alhassan confident of retaining Ayawaso West Wuogon seat
43 mins -
STEM, TVET to boost entrepreneurship and self-reliance in Zongo communities
45 mins -
Ghana Academy of Arts and Sciences inducts new fellows
45 mins -
‘For our future, choose peace’ – Pupils advocate peaceful elections
46 mins -
Ongoing operation to safeguard border will not restrict voting rights – GIS Volta
58 mins -
Bosomtwe will see massive upgrade under my presidency – Bawumia
1 hour -
Mahama blames NPP for collapse of PBC
1 hour -
GHS suggests bringing back COVID-19 protocols to combat Cholera spread
1 hour -
Nursing and Midwife trainees threaten to vote against NPP over unpaid allowances
1 hour -
Merging struggling entities won’t fix energy sector, timing is crucial – IES boss
2 hours -
AGI promotes socioeconomic growth by nurturing small and micro enterprises
2 hours -
Party leaders urged to encourage supporters to desist from violent acts
2 hours