Finance Minister, Ken Ofori-Atta has disclosed that should the government fail to land a bailout from the International Monetary Fund (IMF) by mid-March, Ghana’s economy will crash.[ads2]
According to him, Ghana is in crisis and will have to secure a bailout from IMF to prevent a more severe situation.
“We really feel that government has listened, there is humanity to us, we are protecting the destitute, widows and the orphans and the older people who have worked for this nation. We are in a crisis, we cannot put our heads under the sun and pretend that we are not”, Ofori-Atta said when addressing Pensioner bondholders who have resisted their inclusion in a domestic debt exchange programme on Monday, February 6, 2023.[ads3]
“We need to be mindful that we really need to be successful in going to the fund by this March to avoid what we all experienced last year which we all don’t want to experience again”, he added.
This comes after the pensioners who bought government bonds on Monday, February 6, 2023, picketed at the Finance Ministry to press home their demands for an exemption of their bonds from the government’s domestic debt exchange programme.
Ken Ofori-Atta pleaded with the pensioners to accept a 3.5% cut and accept the new terms of 15% coupon rate and 5% maturity.[ads4]
