Finance Minister Ken Ofori-Atta has urged the media to be cautious in conveying accurate information about the current economic crisis and the government’s debt exchange program in order to avoid instilling unnecessary fear in investors.
According to him, all hands must be on deck to help restore the economy to its former glory.
Speaking at the launch of Ghana’s Domestic Debt Exchange on Monday, December 5, 2022, Ken Ofori-Atta stated that the government would rely on the media for education, thus the need for the media to provide the public with accurate information.
“This debt exchange provides an orderly way to put our economy back on track. These efforts will be complemented by fiscal measures to protect the neediest and most vulnerable in society. The Government expects overwhelming support for this exchange.
“And in truth, the success of this necessary endeavor depends, of course, upon the public’s cooperation. That will also mean the media helping disseminate the right information to economic actors. We are all in this together and we intend to get out of this together,” Mr. Ofori-Atta said.
Mr. Ofori-Atta went on to say that he is confident that with the help of the media and the support of Ghanaians, the country will overcome its current challenges and emerge with a much more resilient and robust economy.
“We have overcome various challenges in the past. We are a resilient society…together we can beat this,”
Mr. Ofori-Atta also stated that there will be no “haircut” on bond principal and that individuals holding government bonds will have total investments at maturity.
