The country's chances of receiving an International Monetary Fund (IMF) bailout are in jeopardy, according to the ranking member of Parliament's Finance Committee.
This, he noted in an interview with JoyNews' The Pulse on Monday, is that Ghana must provide enough evidence that the nation has taken efforts to ensure its debts are manageable in order to acquire a programme.
He claims that because of the current state of the nation's inability to do so, "the programme itself is at jeopardy." Due to what was happening [the widespread rejection of the DDE programme], he added, "I can certainly see plainly that Ghana would not be in a position to acquire an IMF programme in the first quarter."
"Where are the necessary actions? They didn't. We have not taken nearly enough measures, he continued.
He continued by saying that even though a domestic debt swap scheme had been proposed to that effect, further discussion of the issue was necessary.
"Today, we announced domestic debt restructuring and that we will be able to pay Eurobond interest or coupons as well as bilateral debt, but you need to go the next step of negotiations and getting enough assurances that the negotiations are going well and obviously you will see results in the next couple of months, but what are we seeing?
"Since they announced the IMF programme, we have observed a president and an administration who have not conducted meaningful engagement, and as a result, we are witnessing the results. Then from where can we acquire those adequate assurances?" he questioned.
He made the claim that the government's lack of involvement is the reason for the prolongation of the program's deadline.
He claims that the government would keep extending the program's deadline until it obtains the fundamental right.
"The basics are not in place - we have not engaged, which is why we keep moving the goalpost in terms of the deadline. This won't succeed until you first get people involved, get their support, and inform them that they will need to make a sacrifice or contribute to the issue.
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