Former Stanbic Bank CEO Alhassan Andani expressed profound disappointment over Ghana’s recent financial trajectory, saying the government’s declaration of the Domestic Debt Exchange Programme (DDEP) marked a historic and troubling moment.
Speaking at the Ghana CEO-Presidential Gala Dinner, Mr Andani, who has spent over 30 years in the banking sector, called the DDEP an unprecedented declaration of financial distress for the nation—a crisis he believes is undermining private sector confidence and capital accumulation.
“In my life in banking—it’s been over 30 plus years—I’ve never seen government broke,” Andani remarked.
“The government had never been broke until we declared the DDEP. No matter how long the government owed you money, ultimately, they would pay you”.
Source:Mybrytfmonline.com
