Finance Minister, Ken Ofori-Atta, has said that the debt swap scheme is an optional activity.
According to Mr Ofori-Atta, the administration expects a success rate of 80%.
He said that the proportion would be adequate to maintain economic stability.
“It is a voluntary programme and the expectation is that we have an 80 per cent participation and so, that should be factual for everybody,” he noted.
Mr Ofori-Atta, however, stated that the programme must be done.
“We’ve been talking to the unions etc. There are issues of structural changes that must happen, there are medium and long term issues that we must contend with, but the debt programme we must do,” he said.
The debt exchange scheme was put in place to make sure the nation’s debts could be paid off.
However, the desire for an exemption from the program has been met with widespread disapproval from bondholders.
The Finance Minister has reiterated that the Debt Exchange Program is the only option available, but he has also promised to address some of the pensioners’ and individual bondholders’ concerns.
Source: Mybrytnewsroom.com/Joseph Asare
