Minority’s Spokesperson on Finance, Cassiel Ato Forson has revealed Ghana is the first country in Africa to announce domestic debt restructuring.
Responding to Finance minister Ken Ofori Atta’s Debt restructuring policy on Monday morning, the NDC MP said Ghana has officially defaulted in the repayment of the terms of its existing domestic debt.
See his Facebook post;
According to Ken Ofori-Atta, Ghana’s DEBT is UNSUSTAINABLE and we Can’t SERVICE it FULLY if we don’t restructure some GHC137 billion of our Domestic debt.
Ghana is the first country in Africa to announce domestic debt restructuring or as they put it domestic debt exchange!
We have OFFICIALLY DEFAULTED on the repayment of the terms of our existing Domestic debt.
Ghana joins Greece and Jamaica in the last 10 years.
The NDC MINORITY has been consistent on this matter, we cautioned and warned the government about engaging in reckless borrowing and expending it wastefully!
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
