The Finance Minister, Ken Ofori Atta says government will put in place stronger foundations next year to put the economy in a better position.
Speaking on the suspension of the external debt payment says the mistakes of 2022 must not be repeated.
Mr. Ofori Atta says, the Ministry of Finance would hold a finance presentation at a date to be announced at a later stage.
The aim of the program according to the Minister is to reduce the country’s current debt burden and its servicing implications on the economy.
He calls for the active participation of all stakeholders to enhance the success of the exchange program.
” Government is committed to laying gout the path towards attaining the debt sustainability informed by sound technical analysis and broad stakeholder engagement. In order to recover all, we still have a lot of work to do before the end of year…… (sic)
Government has agreed to extend the expiration date for the domestic debt exchange to 30 December 2022 to allow for key concerns raised by stakeholders to be accommodated, we cannot afford to repeat the mistakes of 2022.” He said.
Mr. Ofori Atta urged Parliament to support the government in getting the appropriation bill passed to cement the effort in saving the economy from deterioration.
“Our end game as a government has always been to achieve a Ghana Beyond Aid, wealthy, inclusive sustainable empowered, and resilient.
The necessary precondition for this is a stable macroeconomic environment viewed within that lens restructuring our debt but only a necessary path of our story.
We all have a role to play and I urge us all to work together with the government and support the various interventions being implementated to quick start our recovery.
2023 must be our comeback year. The year in which we put in place a stronger foundation that will allow us to change our country for the better.
As we all witness new confidence in our currency and the prospect of the certainty of an IMF board approval of our staff-level agreement.
