In order to address Ghana’s issues, especially the current financial crisis, the Council of State has begun engaging with stakeholders.
The Ghana Association of Bankers and the Institute of Chartered Accountants Ghana met with the Council at its first meeting, which was held on January 25, 2023.
The purpose of the conference was to assist the Council in providing the appropriate recommendations to the authorities regarding actions to lessen the effect of these financial difficulties on bondholders.
This has been necessitated by the urgency and importance of the Government Domestic Debt Exchange programme for a successful conclusion of negotiations with the International Monetary Fund (IMF).
In a statement issued on January 27, 2023, the Council assured the public that, in line with its maill continuously engage relevant institutions and groups and make recommendations to the authorities.
The Council of State prior to this meeting met with other stakeholders including the Ministry of Finance, The ministry of Trade and Industry, the Bank of Ghana, Ghana Union of Traders’ Association, and Labour Unions.
These engagements were held to bring the Council to terms with the realities so as to make better and informed recommendations to the appropriate authorities.
The exemption of pension funds from the Domestic Debt Exchange Programme was an outcome of such meetings held.