According to Finance Minister Ken Ofori-Atta, an unexpected turnout for the domestic debt exchange programme could prolong efforts to resolve the current economic crisis.
He stated that if the programme fails, the prospects for international support and other financial guarantees would be jeopardised.
He noted that the situation could put additional strain and stress on the government’s ability to meet key commitments.
”This is not what we want for our economy. What we want is an economy that is back on track, stable, vibrant, productive, and dynamic. We are hopeful that all domestic investors will participate.”
He reiterated that the singular motivation for the government to take this difficult toad is to restore macroeconomic stability.
”Our remarkable progress with the ongoing international monetary fund programme is a significant boost to our recovery efforts,” he added.