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
-
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
13 mins -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
1 hour -
South Africa bursary scandal suspects granted bail
2 hours -
Ecobank successfully repays $500m Eurobond due April 18
2 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
2 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
2 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
2 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
2 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
3 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
3 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
4 hours -
CAF Cup: RS Berkane banned from entering Algeria because of a map of Morocco with its Sahara
4 hours -
The media isn’t doing what is expected of journalism – Sulemana Braimah
4 hours -
Truck driver who caused train accident jailed 6 months
4 hours -
Music review: Okyeame Kwame proves rap dexterity on ‘No Competition’
4 hours