Minister-designate for Finance Dr. Cassie Ato Forson has hinted at plans to address the negative impact of the Domestic Debt Exchange Programme (DDEP) on the Ghanaian economy and its citizens if he is approved by Parliament.
Taking his turn before the Appointments Committee on January 13, 2025, he assured Ghanaians that if approved, he would take all necessary measures to remedy the challenges created by the debt restructuring program.
He promised to put in measures to address the issues surrounding the DDEP with the aim of ensuring that the country remains on a path toward financial recovery and economic stability.
The nominee added that in 2025, the country will need to repay GH¢12.6 billion as part of its obligations arising from the debt exchange.
“We will do whatever it takes to clear the harms that have been created as a result of the domestic debt restructuring. As a result of the debt restructuring, in 2025, we will have to repay GH¢12.6 billion and in 2016, we will have to repay another GH¢15.7 billion and we will have to pay GH¢53 billion in 2027.
“We have similar harms that have been created at the Eurobond side, you have billions of Dollars that we have to pay an we have already paid $364 million and other that are coming. In 2026, we will be compelled to pay $1 billion every year.”
By: Rainbowradioonline.com/Ghana
