The Minister of Finance, Dr. Mohammed Amin Adam, has asked Ghanaians to forgive the ruling New Patriotic Party (NPP) following the hardship experienced due to the Domestic Debt Exchange Programme (DDEP).
The minister said it was not the intention of the government to impose hardship on the people.
However, the DDEP was a condition of the International Monetary Fund’s (IMF) requirement to restructure the country’s growing debt.
The government he promised would roll out measures that would bring some economic relief to the people through effective fiscal policies.
Speaking at a town hall meeting in Accra on Tuesday, August 6, 2024, Dr. Amin Adam said “We decided to restructure our debts because it was one of the requirements by the IMF. We started with the Domestic Debt Exchange Programme, the DDEP was a very successful programme, achieving 95% participation. And on this note, I would like to appeal to the people of Ghana to forgive us, forgive us”, he pleaded.
“It is never the intention of any government to impose hardships on its people. More so, the NPP government has demonstrated that we want to reduce the burden on the Ghanaian people.”
Touching more on the DDEP, he said: “It was a necessary, very important decision at the time, that if we had avoided it, our economy would not recover as it has recovered today. The decisions we made, and all the support you gave us during the DDEP have contributed largely to the recovery our economy is seeing today”.
“This is why I want to appeal to you to forgive us. But also to thank you on behalf of the president for the sacrifices, for the efforts that you all have made participating in the DDEP that saved our economy,”he pleaded again.
By: Rainbowradioonline.com/Ghana
