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A Chartered Economist, Rev. Dr. Samuel Worlanyo Mensah says measures outlined in the debt exchange programme by Government are not feasible to resolve the challenges facing the economy.

He said what the economy needs now are proactive policies and programmes that will boost investor confidence.

Speaking to GBC News, Rev. Dr. Mensah, said Government should desist from being economical with the truth to allay fears of the investor community.

Another Economist, Peter Tekper, says the Government’s debt restructuring programme comes with financial uncertainties.

He urged Government to tread cautiously as this move will cause more panic in the system.

He projected that 2023 will be a tough year for the country, adding that it is unfortunate that issues are beyond government.

Background

Reactions to Finance Minister's Debt Exchange programme
Minister of Finance, Ken Ofori-Atta

Minister of Finance, Ken Ofori Atta, has launched Ghana’s Domestic Debt Exchange. It formed part of the country’s requirement to secure a deal from the International Monetary Fund, IMF.

Mr. Ofori Atta, said the government has no choice but to undertake the debt restructuring programme to put the economy back on track.

Read Also >>> GHANA IN HIGH RISK OF DEBT DISTRESS – OFORI-ATTA

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