Debt Exchange: We’re in a difficult economic situation, let’s come together to solve – Alfred Thompson
The government of Ghana is seeking to implement the DDEP as part of measures to tackle the fiscal challenges facing the country amidst agitations and rejection from individual bondholders.
Former Managing Director of the National Investment Bank (NIB) Mr Alfred Thompson has said there is a need for all Ghanaians to come together and support the government in tackling the current economic challenges.
Contributing to a discussion on the Big Issue on TV3 Friday, February 10, Mr Thompson who is a member of the governing New Patriotic Party (NPP) said he empathizes with persons who will be affected by the Domestic Debt Exchange Programme (DDEP).
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But he added, the time has come for all to rally behind the government to handle the economic situation.
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“Our situation is difficult, we are in an economy crisis, we cannot come out if we don’t come together.
“I empathize with the people … I feel the pain…I am begging, I am pleading, let us all come together and ensure that we come to of this,” he said.
The government of Ghana is seeking to implement the DDEP as part of measures to tackle the fiscal challenges facing the country amidst agitations and rejection from individual bondholders.
Finance Minister Ken Ofori-Atta has urged as many as possible to participate in the DDE.
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He stated that if the government does not get as many as possible to take part in the programme, economic recovery will take a long time to achieve.
“Frankly, non-participation or a lower-than-expected turnout for the DDEP will prolong efforts to resolve the current economic crisis.
“In addition, the prospects of international financial support and other financial assurances would be jeopardized,” he said in a statement on Monday, February 6.
He added “This development could further put strain and stress on the Government’s capacity to honour key commitments. This is not what we want for our economy.
“What we want is an economy that is back on track, stable, vibrant, productive, dynamic; meeting the needs of individuals, households, and enterprises; delivering shared and inclusive growth; and improving incomes and livelihoods.”
Source: 3news.com|Ghana
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