The Minority in Parliament have demanded the immediate suspension of government’s ongoing debt exchange programme.
Addressing a press conference on Monday, the Minority Leader, Haruna Iddrisu said the programme as currently structured will worsen the plight of Ghanaians, hence the need for the President to put it on hold and consult some more.
“According to the Minority, it is no secret that Ghana today is in debt Distress.This has been confirmed by both the finance minister and the International Monetary Fund.”
“A Debt Sustainability Analysis (DSA) conducted by the IMF revealed and confirmed the Minority’s earlier position, obvious, that Ghana’s debt was unsustainable and as a prerequisite for granting Ghana’s request, we were required to bring our total Public Debt to a sustainable level of 55% of GDP,” the Minority stated.
“It is in a bid to meet this IMF conditionality that this government has embarked on a Debt Restructuring Program dubbed a Debt Exchange Program to bring our debt obligations to sustainable levels.”
Below is the full press release:
