Dr. Mohammed Amin Adam, the Minister of Finance, has apologized to Ghanaians for the difficulties they have faced due to the Domestic Debt Exchange Programme (DDEP).
His apology follows recent calls from prominent members of the ruling New Patriotic Party (NPP) to acknowledge and apologize for economic management mistakes.
During a town hall meeting in Accra on Tuesday, August 6, 2024, Dr. Amin Adam explained that the DDEP was a necessary measure imposed to stabilize the economy.
He emphasized that the government never intended to impose hardships on the citizens.
“We decided to restructure our debts because it was one of the requirements by the IMF. We started with the Domestic Debt Exchange Programme. The DDEP was a very successful programme, achieving 95% participation. And on this note, I would like to appeal to the people of Ghana to forgive us, forgive us.
“It is never the intention of any government to impose hardships on its people. More so, the NPP government has demonstrated that we want to reduce the burden on the Ghanaian people,” myjoyonline.com quoted him as saying.
He continued, “It was a necessary, very important decision at the time, that if we had avoided it, our economy would not recover as it has recovered today. The decisions we made, and all the support you gave us during the DDEP, have contributed largely to the recovery our economy is seeing today.
“This is why I want to appeal to you to forgive us. But also to thank you on behalf of the president for the sacrifices, for the efforts that you all have made participating in the DDEP that saved our economy.”
AM/EK
Watch the latest edition of BizTech below:
Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.
Click here to follow the GhanaWeb Business WhatsApp channel
- Fiscal, monetary stabilisation efforts yielding positive results - BoG Governor
- GIRSAL boosts agricultural financing with over GH¢1.2 billion in loan guarantees
- World Bank extols resilience of drought-stricken farmers
- China ready to expand cooperation in key sectors – Tong Defa
- Here are the top five types of fraud recorded in 2023
- Read all related articles
