Antonio Kisseih, vice president of the Ghana Securities Industry Association, has urged adequate stakeholder participation in the national debt restructuring initiative.
According to him, the government should have the chance to fully resolve all the difficulties made with the continuing programme and solicit stakeholder opinion on the policy with the two-week extension of the debt programme through January 31st of this year.
He pointed out that prior discussions on the matter with the Finance Ministry had mostly been top-down, with little involvement from the parties who would be impacted by the programme.
He predicted that a deadlock would result if the government kept things as they were.
Antonio Kisseih remarked on JoyNews' PM Express, "This time we hope there is going to be a meaningful stakeholder engagement. It is more like an imposition in how it is now regarded or seen. Imposition: you attend to the meeting, have your audience listen to you speak, then you go. At the next meeting, a memo is sent around.
"But you know, let's have a conversation that is honest, open, and truthful. Let's illustrate the numbers. You know, it shouldn't be considered a crime because we sent money to your government. So that we can all be on the same page, let's have that open discussion.
And in my opinion, it ought to occur within the next two weeks," he continued.
"Let's sit down for three, four, or five days and come to an agreement. Take us to Peduase or somewhere. That, in my opinion, is the only practical way for us to reach any kind of agreement. My major concern at this point is that if there isn't appropriate interaction, there may be some sort of deadlock. That's what will happen, he continued.
In the meanwhile, the administration has said that it would meet with stakeholders on Wednesday to discuss issues raised about the debt swap scheme.
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