Debt Exchange is a difficult road to restore macro-economic stability – Ofori-Atta
Tuesday, February 7 is the final deadline for the Domestic Debt Exchange program and the government through the Ministry of Finance has announced that all domestic investors will participate.
In a statement released on Monday, February 6, Finance Minister Ken Ofori-Atta said that as a government, the sole motivation “to take this somewhat difficult path is to restore macro-economic stability, achieve debt sustainability and get the economy fully on track. We know that this is a prerequisite for creating jobs; maintaining and increasing incomes; encouraging inclusive growth; and restoring hope to Ghanaians.
MoF Update on Economy- DDEP 6 Feb 2023
Through hard work and collective discipline, coupled with the abiding and abundant grace of the Almighty, he said the government has focused on avoiding a full-blown economic crisis.
“Truly God’s grace leads us to say ‘Truly there is a future, and your hope will not be lost.’ Proverbs 23:18 JAV
“Remarkable progress with the ongoing International Monetary Fund Program is an important boost to recovery efforts. Continued progress will keep us away from the slippery slope we recently faced. Therefore, the momentum must continue,” he said.
Considering the importance of the continued economic recovery supported by the International Monetary Fund (IMF) program approved in the first quarter of 2023, he said, it is important for groups and individuals to consider the benefits of the enhanced DDEP, as well as their needs. economic stability; and sign up tomorrow for success.
“Let every Ghanaian be encouraged that the DDEP will take us to a place of stability, economic recovery and transformational growth. We must do this together.
“Governments in this section are determined to continue to implement all the necessary fiscal adjustments that will ensure that our sacrifices are paid and the collective good is upheld. Let everyone play their part.
“These are difficult times, of course, but if we continue together, we can and we will emerge stronger and more united than before. Then we will, together, continue to rebuild our economy; and enable businesses to grow again; and bring back hope and cheer to our homes again.
By Laud Nartey|3news.com|Ghana
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