The Christian Council of Ghana has called on government to immediately suspend the debt restructuring programme.
In a statement, the Christian Council said it’s critical for government to abort the debt exchange programme now and resume after extensive consultation with affected individuals.
“As an advocacy group that speaks for the vulnerable in society, the Council has examined the concerns of the Individual Bond Holders Association of Ghana (IBHAG), the Pensioner Bondholders Forum, our church members and the general public and have identified lapses in the debt restructuring programme, a major one being lack of consultation with affected individuals and institutions.
“With the current economic hardships in the country and the agitations among the general public, it is in the nation’s interest for the Finance Ministry to suspend the 31st January deadline given to individuals to sign on to the program and rather propose a road map for dialogue to make the process participatory such that the outcome would be acceptable to all.”
Meanwhile, the Ministry of Finance has set up a technical committee to further engage individual bondholders on their inclusion in the debt exchange programme.
This follows a closed-door meeting with leaders of the Individual Bondholders Forum on Wednesday for engagement on the programme.
Convener of the Individual Bondholders Forum, Senyo Hosi said the forum was ready to hold discussions with the ministry’s technical team on their petition.
Below is the CCG Statement
