Economic Issues

Apologise to Ghanaians for indecisive position on Debt Exchange Programme – Former UT Boss to government

Apologise to Ghanaians for indecisive position on Debt Exchange Programme – Former UT Boss to government

Jan 10, 2023 8:28 AM

Former Chief Executive Officer of defunct UT Bank, Prince Kofi Amoabeng, is challenging government to come out clean on the Debt Exchange programme, saying, government indecisive position is not helping matters.

He therefore wants the government to openly apologise to Ghanaians for the poor decisions taken, a situation which he stressed hurt the economy badly in 2023.

Speaking to Joy Business, Mr. Amoabeng, who founded UT Bank said government must live up to expectations in the management of the economy.

“The government should come out after he [Finance Minister] is done with all needed research and say this is the way we’re going, but not to be changing its position. Because pensioners are talking or complaining, then you say this is not part of it…why?”×300&!3&btvi=1&fsb=1&xpc=v0lPJ9uT4F&p=https%3A//

“Get a grasp of the full facts and come out one time and explain to the people that this is what we are doing. You cannot just throw information at the people. We know you can make mistakes but the information should be backed by some facts, and then you apologise to Ghanaians for any error made rather than just be telling us stories…really?”, he lamented.

Speaking on the assertions made by the Managing Director of the International Monetary Fund on a possible debt cancellation, Mr. Amoabeng described it as a good move, but wants the government to work on the basic economic challenges facing the economy.

According to him, without strong economic fundamentals, the IMF-support programme will not bring back live into the economy.

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