Debt exchange programme outrageous, it’ll push more people into poverty – Mahama


Former President, John Dramani Mahama, has taken a dig at the government accusing it of lying to individual bondholders on the Domestic Debt Exchange Programme.

According to Mr. Mahama, the programme will force a ‘haircut’, which has the propensity to plunge more Ghanaians into poverty.

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Government in December 2022 hinted that individual bondholders who were previously exempted from the Debt Exchange programme will be included, extending the deadline for registration to January 16, 2023.

The decision the former President said is a failure on the part of the government in its management of the economy, describing the Debt Exchange Programme as outrageous.

“Outrageous! Gov’t lies to individual bondholders; forces a haircut, and plunging more people into poverty! An absolute failure in managing our economy,” the former President tweeted on January 12, 2023.

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