Minority demands immediate suspension of Debt Exchange programme

The Minority in Parliament is demanding the immediate suspension of the controversial Domestic Debt Exchange programme.
According to the Minority Leader, Haruna Iddrisu, the deal in its current form is a recipe for disaster and will further worsen the plight of the ordinary Ghanaian.
At a press conference in Parliament House on Monday, January 16, 2023, the Tamale South MP urged the Akufo-Addo-led government to listen to wise counsel and put the rollout of the programme on hold as their recklessness has contributed to its failure.

The NPP was not only reckless in borrowing, but it has been reckless in announcing and implementing the Debt Exchange Programme. It is clear that the NPP Government did not properly think through this whole idea of a debt exchange programme. This has led to manifest confusion in the implementation of the ongoing debt exchange programme.”

“It is on this score, that we the NDC Minority Group call on the Nana Addo /Bawumia Government to immediately suspend the ongoing Debt Exchange Programme. There should be deeper consultation and greater transparency about Ghana’s total debt and its management. The Nana Addo /Bawumia Government cannot continue to manage Ghana’s economy like a private entity. Ghanaians deserve to know how much is involved and how long the debt exchange will take. It is not just about people’s investment, but it is much more about people’s lives and livelihood. The Nana Addo /Bawumia Government should suspend the Debt Exchange Programme now!,” Haruna Iddrisu said.