How Will You Bring Down Public Debt from The Unsustainable Level? – Ato Forson Asks Akufo-Addo

Member of Parliament for Ajumako-Enyan-Esiam, Cassiel Ato Forson has asked the President to explain how he is going to bring down public debt.

He said at least investors will want to know he will do it without haircut.

In a tweet reacting to the public address by the President, Mr Ato Forson who is also a former Deputy Finance Minister said “Mr Prez, How will you be able to bring down the public debt from the unsustainable level of 105% of GDP to 55% of GDP by 2028 ? At least tell us how you will do this without a haircut on the interest or principal of domestic and foreign Debt? Investors will like to know!”

President Nana Addo Dankwa Akufo-Addo has assured that no investor will lose his or her money including pensions funds, government treasury bills or instruments if Ghana finally seals a deal with the International Monetary Fund (IMF).

Mr Akufo-Addo noted that some members of the public have concerns that they will lose their investments if the deal with the Fund is closed,

But delivering an address to the nation on Sunday October 30, Mr Akufo-Addo allayed the fears saying, just as customers’ deposits were saved during the banking sector clean up exercise, no one will lose money in this also.