Policy think-tank calls on government to be transparent in debt restructuring exercise

Date:

The Executive Director of the Institute for Liberty and Policy Innovation (ILAPI) Ghana, Mr Peter Bismark Kwofie, has appealed to the government to be transparent about the ongoing debt restructuring exercise. 

He said it was important for the government to listen to views and suggestions of development experts, economists and Civil Society Organizations (CSOs) as it puts together debt restructuring policies.  

The Executive Director of the Policy Think-Tank made the appeal when sharing his views on the 2023 Budget in an interview with the GNA.  

“It’s, therefore, important to ensure transparency in this debt restructuring policy of the government. Fiscal and monetary transparency should guide the government to build confidence for all stakeholders to support the recovery process,” he said. 

This, he said, would equally help build confidence for the experts to support the reforms. 

Mr Kwofie described the Finance Minister’s pronouncement that the total public debt stock including State Own Enterprises (SOEs) exceeded 100 percent of Gross Domestic Product (GDP) as scary.  

Mr Kwofie said if the debt restructuring policy failed in the short term, the economy would fall lower than expected and could increase the debt to GDP ratio further. 

Share post:

Subscribe

Popular

East Legon crash: Police pursue TikTokers for ‘false claims’ about Salifu Amoako’s son’s location.

The Ghana Police Service has refuted viral social media...

Christian attorney warns ‘tearing down’ religious freedom in US is ‘spirit of the age’.

An attorney dedicated to upholding religious freedom said he’s...

GFA to develop VAR roadmap following FIFA guidance.

The Ghana FA has taken a significant step toward...

Man sentenced to 21 Years for sexual assault of a minor.

A 23-year-old unemployed man, Bernard Ampomah, has been sentenced...

More like this
Related