The domestic debt exchange scheme looks to be something the government does not want to end.
Ken Ofori-Atta, the finance minister, has stressed that there is no other option.
This follows protests from individual bondholders who want to be left out of the government's domestic debt swap scheme.
Individual bondholders in Ghana worry that the strategy, which is a crucial step in getting the IMF rescue, might cause the nation immense economic misery and perhaps render their bonds worthless.
However, the Minister asserts that the situation's urgency necessitates finding a compromise between maintaining the country's stability and ensuring the preservation of individuals' livelihoods.
In an interview for a future episode of PM Express Business Edition, Mr. Ofori-Atta made the commitment that his organisation will address some of the worries of certain bondholders and pensioners.
"We have a scenario where our debt exchange is important," he said, "we have a situation where we have come out of some formulations and we have gone ahead to negotiate with the financial institutions that means to reduce that. I believe we were effective in doing that.
"We sat with the Union pensioners in a similar manner, and I believe we are making fantastic success in what we do for them. Similar to how we are examining certain bondholders to determine how we may adjust this Would we slightly lose what we already have? We're all going to, in my opinion. But we need to make sure that whatever solution we ultimately come up with will be sustainable," he said.
He used the Zero Coupon for 2023 as an illustration. The Minister believes that "that has to change."
The scheme, according to the individual bondholders, is one of the worst debt restructuring procedures ever enacted and, if permitted to be implemented, will cause its participants to become destitute.
It claimed that members were not additionally contacted before the policy's release.
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