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BusinessDelayed debt exchange programme will prolong economic hardship - Prof Adei

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Delayed debt exchange programme will prolong economic hardship – Prof Adei


Prominent economist Professor Stephen Adei has cautioned Ghanaians to prepare for forthcoming economic challenges in the years ahead. He emphasized that the recent setbacks and obstacles encountered in the government’s debt restructuring efforts serve as indicators of the expected economic turbulence.

Addressing a press briefing convened by the Grand Coalition in Accra on Monday, April 15, the former Board Chair of GRA urged Ghana’s economic policymakers and political leaders to prioritize the implementation of pragmatic and enduring policies aimed at stabilizing the economy.

“The reality is that the economic crisis we are in is going to be with us for some time, because if you look at the domestic debt exchange programme, most of it has been delayed till 2027, 2028.

“I wish that I will be hearing from those who want to be heads of state and their campaigning — not their grand ideas, how they are going to see us through so that we reach a stage where we have a sustainable development outcome. In other words, we need in this nation, a three-staged agenda for resolving the crisis,” Professor Adei is quoted by citinewsroom.com to have said.

He continued to explain that “The second one is laying what we economists call the preconditions of development, what will propel us from thereafter, and then a long-term vision of the Ghana we want to be at least by 2057.”


Prominent economist Professor Stephen Adei has cautioned Ghanaians to prepare for forthcoming economic challenges in the years ahead. He emphasized that the recent setbacks and obstacles encountered in the government’s debt restructuring efforts serve as indicators of the expected economic turbulence.

Addressing a press briefing convened by the Grand Coalition in Accra on Monday, April 15, the former Board Chair of GRA urged Ghana’s economic policymakers and political leaders to prioritize the implementation of pragmatic and enduring policies aimed at stabilizing the economy.

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