An Associate Professor of Economics at ISSER, Charles Godfred Ackah has described as ‘too wicked’, government’s decision to implement a debt restructuring programme.

According to him, the policy benefits international investors more than domestic ones.

He made this assertion on Joy FM’s Super Morning Show on Tuesday.

“I think this debt restructuring programme gives much more confidence to international investors than to the domestic investors, private and households and we need to look at it again.

“I think that it is too severe, wicked and it’s going to cause a lot of dislocation,” he said.

Explaining his position, Prof Ackah said the programme is going to impose serious costs on the social lives of the citizenry.

He stressed that the country is in economic crisis, thus, government must be sensitive and companionate towards the people.

“This is a country that just came out of painful years. We had 'dumsor' for close to five years, businesses were yet to recover and Covid-19 came. And prior to that there was the financial sector clean-up. People’s investments are still locked up and others have still not recovered from it.

“People have lost their businesses and jobs. So whenever you’re taking such measures you need to be careful,” he noted.