Audio By Carbonatix
During the filing of his nomination papers on Wednesday, New Patriotic Party flagbearer aspirant Bryan Acheampong, during his address, promised to pay all domestic bondholders under the Domestic Debt Exchange Programme (DDEP).
While Bryan Acheampong's promise looks so sweet on paper, the fact is that what he is seeking to do is not possible to achieve, in line with the DDEP agreement.
First, the bondholders are on two fronts: domestic bondholders and foreign bondholders.
And under the DDEP agreement with bondholders, there is a critical clause known as the “equal treatment clause”. The equal treatment clause means that Ghana MUST give all bondholders equal treatment.
So contrary to Bryan Acheampong's promise, he can’t decide to just pay domestic bondholders without paying the foreign bondholders as well. That is not possible.
Any attempt to do so will mean Ghana will lose all the debt relief it has obtained through the negotiations.
As a senior member of the erstwhile government, indeed a Cabinet Minister, I expected Dr. Bryan Acheampong to have known better and know much more about this.
And if he didn't know, he should have consulted members of his party or his campaign team with deep knowledge in these matters to educate him before coming out with such a promise, which is not possible to fulfil under the DDEP agreement.
Revise your notes and come again, Bryan.
Latest Stories
-
NAIMOS has failed in galamsey fight; it’s time for a state of emergency – DYMOG to President Mahama
3 hours -
Mahama to open African Court judicial year in Arusha, mark 20th anniversary
3 hours -
Ghana begins partial evacuation of Tehran Embassy as Middle East tensions escalate
3 hours -
EPA tightens surveillance on industries, moves to cut emissions with real-time monitoring system
3 hours -
Police conduct show of force exercise ahead of Ayawaso East by-election
5 hours -
Ghana launches revised Early Childhood Care and Development Policy to strengthen child development framework
5 hours -
AI to transform 49% of jobs in Africa within three years – PwC Survey
5 hours -
Physicist raises scientific and cost concerns over $35m EPA’s galamsey water cleaning technology
6 hours -
The road to approval: Inside Ghana’s AI strategy and KNUST’s leadership
6 hours -
Infrastructure deficit and power challenges affecting academics at AAMUSTED – SRC President
6 hours -
Former US diplomat sentenced to life for abusing two girls in Burkina Faso
6 hours -
At least 20 killed after military plane carrying banknotes crashes in Bolivia
7 hours -
UK reaffirms investment commitment at study UK Alumni Awards Ghana 2026
7 hours -
NCCE pays courtesy call on 66 Artillery Regiment, deepens stakeholder engagement
7 hours -
GHATOF leadership pays courtesy call on Chief of Staff, Julius Debrah
7 hours
