The Minority in Parliament has predicted that the government’s Domestic Debt Exchange Programme will fail.
At a press conference, the group’s leader, Haruna Iddrisu, demanded that the programme be halted.
According to him, the financial institutions that support businesses will not be in the position to do so again if the government goes ahead with the implementation of the programme.
“It is a risk to financial institutions, insurance companies and now extended to individual bondholders.”
“The financial institutions and insurance companies offer employment and they support businesses, this is at risk now.”
“Suspend the ongoing debt exchange, it is already failing, it promises to be a failure.
“Suspend it and engage in deeper consultation and allow for greater transparency In order to save the Ghanaian economy.”
“We demand transparency, they are simply not transparent even in the way they are managing this.”