Professor Godfred A. Bokpin, a finance expert at the University of Ghana Business School (UGBS), has expressed concern about several significant players in this nation's governance remaining silent on the government's Domestic Debt Exchange Program (DDEP).
Until its members are exempted from the Domestic Debt Exchange Program, the Pensioner Bondholders Forum, an organization for the protection of retirees with investments in government bonds, has given notice that it will picket at the Finance Ministry's offices (DDEP).
The organization claims that efforts to get their investment excluded from the program have failed, which is why they have decided to protest outside the Finance Ministry until their requests are satisfied.
On Morning Starr with Francis Abban, Mr. Bokpin discussed the Debt Exchange Program and said he couldn't understand why Parliament, as the representation of the people, hadn't called the Minister of Finance in for an interview.
"All key players must be included, and the TUC must be there at the table." It should not just become aware that pensions were in jeopardy. If a nation is not well-governed overall, what good is a pension? If this debt restructuring is not done extremely properly, adequately, and thoroughly, it will become apparent within the next two years.
If you examine the conditions that the Minister has suggested, even for the individual bondholders, you will see that the principal payments will take place in 2025, when he will not be in office. What is the opposition's involvement and participation in this debt restructuring? Bokpin questioned.
He said that in order to save the country from its current predicament, the NDC and other significant players must show their commitment and the alternatives they are putting forward.
"The Christian Council, all of the significant stakeholdersyou know this is not a moment where you can leave governance to a few individuals; no, this is a time where we all get on board," said the spokesperson.
For the benefit of everybody, provide the best solutions and ideas. What stops Parliament from requesting the Finance Minister to visit and provide a thorough briefing to the House of Representatives if they could tell us that they themselves lack a better grasp of this debt exchange? The setting, the procedures, and everything else
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