Audio By Carbonatix
The NDC Caucus in Parliament is set to embark on nationwide roadshows to foster a deeper understanding of the Debt Exchange Programme.
The Programme is a government initiative seeking to classify domestic bonds into four categories to create fiscal space as part of preparations to qualify Ghana for an International Monetary Fund facility.
Among other things, the roadshows would rally Ghanaians to demand a more favorable resolution to the alleged "unprecedented economic crisis the Vice President Mahamudu Bawumia-led Economic Management team" has plunged the country into.
Addressing a press conference in Parliament, in Accra on Monday, Mr Haruna Iddrisu, the National Democratic Congress (NDC) Minority Leader, said: "The inclusion of individual bondholders in the Domestic Debt Exchange is the biggest transfer of funds from the pockets of Ghanaians to the government.”
“This will leave affected persons, mainly the middle class, improvised while worsening the plight of the poor. This must immediately be stopped.”
"We wish to take this opportunity to indicate our intention to embark on nationwide roadshows to foster a deeper understanding of this matter and rally Ghanaians to demand a more favorable resolution of the economic crisis.”
Mr Iddrisu, the Member of Parliament for Tamale South, called on President Akufo-Addo to suspend the ongoing Domestic Debt Exchange Programme.
He also urged the President to engage in more comprehensive consultations on the matter with all stakeholders and the Ghanaian people.
Meanwhile, the Government on Monday announced an extension of the Debt Exchange Programme to Tuesday, January 31, 2023
Latest Stories
-
First Lady joins mourners at funeral of Sammy Gyamfi’s father-in-law
3 minutes -
Xenophobic attacks: Abu Jinapor warns against retaliatory attacks on South Africans
4 minutes -
Abu Jinapor urges African Union action over xenophobic attacks in South Africa
15 minutes -
Ghanaian teacher was detained at Dulles Airport for over a week after admitting asylum plans
27 minutes -
Novel consultation process on bill caused public confusion – Acting NITA boss
29 minutes -
TVET financing model failing students and employers – Eduwatch boss warns
34 minutes -
Proposed NITA Bill: Effia MP urges stronger stakeholder engagement
36 minutes -
NITA: We’ve been transparent throughout digital bills consultation process – Sam George
49 minutes -
CNBC Africa partners KGL Group
1 hour -
NDC amendments have watered down Anti-LGBTQ bill – NPP MP
1 hour -
Technology Consultant warns against expansive regulation in proposed NITA Bill
1 hour -
NPP agitation over Anti-LGBTQ+Bill purely political – Sam George
1 hour -
NITA Bill: ‘I hear the tech industry, but we won’t rewrite rules’ – Sam George to critics on legislative process
2 hours -
First of five men found alive in flooded Laos cave rescued
2 hours -
Effia MP urges end to politicisation following passage of Anti-LGBTQ Bill
2 hours