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
-
NACSA educates students on firearm safety and gun violence prevention
11 minutes -
GES opens 17th National Festival of Arts and Culture for Basic Schools in Techiman
12 minutes -
Tourism Ministry to host maiden Africa Festival of Arts and Creatives
34 minutes -
Tafo Zongo residents accept losses as new road takes shape
1 hour -
Two arrested for concealing 118 bags of cocoa in truck carrying plantain
1 hour -
Photos: Dzremave DA Basic School learners showcase artistic talent at National Culture Festival
2 hours -
Engage Now Africa, Ensign Global University sensitise students on human trafficking
2 hours -
Today’s front pages: Tuesday, August 11, 2026
2 hours -
Students warned against fake online jobs, scholarships as traffickers target young people
2 hours -
Chief Justice urges stronger management-staff partnership to improve justice delivery
2 hours -
Vice President engages Kayayei association on challenges facing head porters
2 hours -
Photos: 7.4-magnitude earthquake rocks western Colombia
2 hours -
EVIDENCE: How Ghana’s Washington Embassy staff shared money extorted from visa and passport applicants
2 hours -
GIS shifts to intelligence-led border security as transnational threats grow
3 hours -
Nations CEO fires warning to FC Diarra ahead of CAF Confederation tie
3 hours