Finance Minister, Ken Ofori-Atta has denied reports that the government is planning a second round of Domestic Debt Exchange Programme (DDEP) with pension funds.
Speaking to the media after an IMF/World Bank Spring Meeting in Washington DC in the United States, Ofori-Atta said, “No, there’s nothing like that.
“I think maybe it was a misunderstanding but if you look at it, in line with the 22 December 2022 memorandum of understanding (MoU) that we signed with Organised Labour, government pension funds were exempted and that has not changed".
“It’s, therefore, not correct to state that we are planning a second round of Domestic Debt Exchange Programme (DDEP) with pension funds,” he added.
According to him, “What we are doing is working with" organised labour "on how they can further help the government to reduce the debt servicing and ensure that we maintain in a sort of debt sustainability which was in the MoU.”
“So those discussions are continuing… but really debunk any sense that there is a second round of Domestic Debt Exchange Programme going to happen,” he further indicated.
Meanwhile, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has given assurance that the fund’s Executive Board would grant final approval to Ghana’s bailout request.
“I am optimistic that we are going to move swiftly,” the IMF boss has stated.
Source: Peacefmonline.com
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Hmmmm, now we don't know who to trust now.You were the very person who said " we have the resources, the capacity, and that we are a proud people, we are not going to the IMF, ' you even went ahead to quote the bible and so on. Today you are at the IMF with a beggars cup in hand asking for a bailout from the very IMF you condemned. Fact is nobody listens to you when you speak. The people will hear but they won't listen. Most if not all the challenges Ghana is currently witnessing under your hand as finance minister are self inflicted. Fact is you can't carry the load but you don't also want anybody to help you. See the field day you have given to John Mahama to be rediculing the NPP on a daily bases. Why is it that Bawumia of all people has never spoken about the IMF program and E-levy? To the extent that John Mahama can call the current appointees as "station boys " is embarrassing. A brand new 2017 elephant with very big ears as usual, unfortunately it doesn't listen. At best it hears but won't listen. To NPP faithful, did they go or did they come?