Debt restructuring or not: Stop the propaganda – Ahiagbah tells speculators - www.asempanews.com

The Director of Communications for the New Patriotic Party (NPP) Mr Richard Ahiagbah has reacted to speculations on social media that the government is going to announce a debt restructuring programme on Monday December 5.

This was after Member of Parliament for Ajumako-Enyan-Esiam, Cassiel Ato Forosn said that the government is going to announce what he believes is debt restructuring tomorrow Monday December 5.

Earlier, the Former Deputy Finance Minister said that the government’s debt exchange programme as captured in the 2023 budget statement was actually debt restructuring that was being embarked on.

In the budget statement, the Finance Minister Ken Ofori-Atta said on Thursday November 24 that “despite the heightened debt levels, Government remains committed to ensuring that debt is brought to sustainable levels over the medium to long-term.

It is recalled that analyst including Former Finance Minister Mr Seth Terkper had ealier indicated that debt restructuring in Ghana was unavoidable given the spending that have been engaged in by the government over the period.

A key prerequisite for a programme was confirmation that Ghana’s debt was on a sustainable path.

“The programme seeks to establish a macro-fiscal path that ensures debt sustainability and macroeconomic stability underpinned by key structural reforms and social protection.