The Finance Minister, Ken Ofori-Atta has called on individual bondholders and groups yet to to sign up for government's Domestic Debt Exchange Programme ahead of the deadline, February 7.
Addressing the nation on MOnday evening,, he stated that it is crucial for bondholders to join the programme considering the importance of a sustained economic recovery backed by an approved IMF programme in the first quarter 2023, as well as the need for economic stability.
“Let every Ghanaian be encouraged that the DDEP will bring us to a place of stability, economic recovery and transformational growth. We must do this together,” he said on Monday.
Mr Ofori-Atta added that “government on its part is resolved to continue to undertake all necessary fiscal adjustments that would ensure that our sacrifices will pay off and the collective good is upheld. Let each and everyone play their part.”
He admitted that times are hard but expressed hope that if the debt exchange programme gets the needed support, the country will emerge from the economic crisis more resilient and more united than before.
“Then we shall, together, continue rebuilding our economy again; and enable businesses to thrive again; and bring back hope and cheer to our homes again. Let us all speak one language: Boa me na men boa wo; and we shall then prevail and recover all. Let’s do this together!”
In December 2022, Finance Minister Ken Ofori-Atta launched the debt exchange programme as part of efforts to access the $3 billion bailout from the International Monetary Fund (IMF).
This final lap has, however, been fraught with challenges as various interest groups including labour and individual bondholders have lamented the possibility of the development leaving them in a sorry state.
So far the government has extended the deadline for eligible bondholders two times. But individual bondholders are asking for their bonds to be excluded from the restructuring.
Latest Stories
-
Budding talent Kwesi Sorotu yet to agree deal with Basel as transfer interest grows
1 second -
Guinness Ghana DJ Awards: DJ Khalifa and Emcee Nice wrap up groundbreaking high school tour
6 minutes -
Omane Boamah urges NDC to uphold inclusivity, transparency, and accountability on party’s 33rd anniversary
9 minutes -
Ayew Afriyie urges NPP to publish 2024 election defeat report to foster transparency
15 minutes -
2025 BECE: 21 pregnant candidates, 17 nursing mothers write in Upper East Region
34 minutes -
Avoid examination malpractice – Haruna tells BECE candidates
41 minutes -
People insulted my mother for allowing me choose music over medicine – Richie
45 minutes -
Highway robbers shoot tipper truck driver in the eye at Gomoa Potsin
45 minutes -
It’s selfish to say an artiste should never leave your label – Richie Mensah
51 minutes -
Best wishes, be confident and you will succeed – Education Minister to BECE candidates
52 minutes -
Examination malpractice is becoming a ritual – Dr. Asah-Asante
57 minutes -
Stop the ‘rhetoric’, Ghanaians must enjoy unlimited monthly internet data on fixed fee – MP to Sam George
1 hour -
How South Korea’s CSR efforts in Ghana support Sanitation and the SDGs
1 hour -
Speaker directs MPs, ministers holding office of profit to regularise positions within 14 days
1 hour -
Man remanded for allegedly killing and burying UEW Professor
1 hour