Akufo-Addo, Dr. Mahamudu Bawumia, and finance minister Ken Ofori-Atta have come under fire from Peter Akwesi Mensah, a member of the NDC’s communication team, for making life difficult for the typical Ghanaian.
He claims that the Akufo Addo-led government is careless and has greatly hurt the Ghanaian people.
He claimed in an interview with TV XYZ on Tuesday, February 7, 2023, that strange events are occuring as a result of the government taking individual bondholders into account in its domestic debt swap programme for the first time in Africa’s history.
According to him, Ghana is the first nation in African history to incorporate individual bondholders in a domestic debt swap programme.
“It is a shame on the party, they have demonstrated that the Fiscal Responsibility Act, is not actually a Fiscal Responsibility Act but rather it is a recklessness responsibility act. I am telling you. They’ve demonstrated a high level of recklessness and that’s Akufo Addo… do you know that the whole of Africa, this is the first time a government is seeking an IMF bailout and is including individual bondholders in a domestic debt exchange programme?
“This is the first time in the history of African politics. So, I’m saying, Akufo Addo, Bawumia and Ken Ofori Atta need to be named in the Guinness Book of Records. They’ve set an unbreakable economic record in Africa’s history,” he said.
The president of Ghana, Nana Addo Dankwa Akufo-Addo, is hopeful that discussions on a potential financial bailout programme with the International Monetary Fund (IMF) will be successful.
President Akufo-Addo claims that even though the government’s debt swap programme had a number of difficulties after being announced, the general public has generally accepted it.
When Christian Lindner, the German Federal Minister of Finance, paid him a visit at the Jubilee House, he let everyone know.
“We have already taken one important step forward in concluding a staff-level agreement with the IMF. One of the steps was the domestic debt exchange programme which encountered a lot of difficulties, but it has now been virtually concluded…We are now looking towards going the full hog and concluding the agreement. We’re hoping that will be done by the middle of March,” President Akufo-Addo said.
He also urged Germany to persuade China, a temporary member of the Paris Club, to assist Ghana in its efforts to restructure its debt.
