Ghanaians have received an apology from Minister of Finance Dr. Mohammed Amin Adam for the challenges they encountered as a result of the Domestic Debt Exchange Program (DDEP).
His confession comes in response to recent demands from well-known NPP (New Patriotic Party) members to own up to and apologize for errors in economic management.
On Tuesday, August 6, 2024, at a town hall meeting in Accra, Dr. Amin Adam clarified that the DDEP was an essential policy implemented to stabilize the economy.
He stressed that it was never the government’s intention to put its citizens through suffering.
“We decided to restructure our debts because it was one of the requirements by the IMF. We started with the Domestic Debt Exchange Programme. The DDEP was a very successful programme, achieving 95% participation. And on this note, I would like to appeal to the people of Ghana to forgive us, forgive us.
“It is never the intention of any government to impose hardships on its people. More so, the NPP government has demonstrated that we want to reduce the burden on the Ghanaian people,” myjoyonline.com quoted him as saying.
He continued, “It was a necessary, very important decision at the time, that if we had avoided it, our economy would not recover as it has recovered today. The decisions we made, and all the support you gave us during the DDEP, have contributed largely to the recovery our economy is seeing today.
“This is why I want to appeal to you to forgive us. But also to thank you on behalf of the president for the sacrifices, for the efforts that you all have made participating in the DDEP that saved our economy.”
Content by:
