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The leadership of the Christian Council of Ghana (CCC) has called for prayers for Finance Minister Ken Ofori-Atta to gain God’s wisdom and direction regarding the Domestic Debt Exchange programme. A statement issued by the Council on Thursday, January 19 asking the Finance Minister to suspend the debt exchange programme for further engagement, said “The…
The Christian Council of Ghana says the government’s Debt Exchange programme will have an impact on the tithes and offerings of congregants. According to the General Secretary of the Council, the programme will pose economic challenges for their congregants. Reverend Dr Cyril Fayose, who spoke in an interview with Blessed Sogah on The Pulse on Thursday, therefore…
The Majority Leader, Osei Kyei-Mensah-Bonsu, has cautioned the Finance Minister, Ken Ofori-Atta, that involving individual bondholders in the Domestic Debt Exchange programme could wipe out the middle class and negatively affect the savings culture of Ghanaians. Speaking with a group of individual bondholders led by convener, Senyo Hosi and private legal practitioner Martin Kpebu after…
A leading member of the ruling New Patriotic Party(NPP), Gabby Asare Otchere-Darko says the campaign by Individual bondholders against the domestic debt exchange program is the most perilous move that could crash the economy. Gabby said “Ghana is in a very difficult place” which makes the Debt Exchange Program critical and non-negotiable for getting an…
Government’s invitation to bondholders to sign onto the debt exchange programme expires tomorrow, January 16, 2023. Stakeholders including some economists continue to urge the government to halt the plan. The aim of the programme is to make the nation’s debts sustainable as a key component of securing an International Monetary Fund deal. But the bondholders…
